Question: THE PROBLEM SHOULD BE DISCUSSED WHICH IS 7,8 AND 9 FROM CHAPTER 6. They will compare several forecasting techniques using a spreadsheet application. They may
THE PROBLEM SHOULD BE DISCUSSED WHICH IS 7,8 AND 9 FROM CHAPTER 6. They will compare several forecasting techniques using a spreadsheet application. They may ask their instructor for assistance to go beyond the book's questions and use the "Excel Solver and Analysis Tool Pack" to determine the best alpha for exponential smoothing. They will then compare that best model with alternative moving average strategies. Each group will produce a brief article outlining how a manager should pick the appropriate forecasting technique for actual circumstances.
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