This activity has the purpose of helping students to perform the forecast models (Objective 6). Student...
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This activity has the purpose of helping students to perform the forecast models (Objective 6). Student Instructions: Answer the following exercises. This assignment has a value of 30 points. You will have only one (1) attempt to Submit by Assignment the best projection model in a Word document. All the analyses will beincluded in the final project. The deadline for this activity can be found in "Tools" located in "Calendar" in the Blackboard platform. The calculated demand needs to be determined for 12 months. Based on this demand, the group needs to perform the following models: Exponential Smoothing with alpha of 15%. Exponential Smoothing with alpha of formula- 2 (n+1) Linear Regression Each Model requires a Mean Absolute Deviation analysis. Determine which model should be used to project the next year volume. Compare all the forecast models from module 2 and 3. This activity has the purpose of helping students to perform the forecast models (Objective 6). Student Instructions: Answer the following exercises. This assignment has a value of 30 points. You will have only one (1) attempt to Submit by Assignment the best projection model in a Word document. All the analyses will beincluded in the final project. The deadline for this activity can be found in "Tools" located in "Calendar" in the Blackboard platform. The calculated demand needs to be determined for 12 months. Based on this demand, the group needs to perform the following models: Exponential Smoothing with alpha of 15%. Exponential Smoothing with alpha of formula- 2 (n+1) Linear Regression Each Model requires a Mean Absolute Deviation analysis. Determine which model should be used to project the next year volume. Compare all the forecast models from module 2 and 3.
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Exponential smoothing is a time series forcasting m... View the full answer
Related Book For
Operations Management in the Supply Chain Decisions and Cases
ISBN: 978-0073525242
6th edition
Authors: Roger Schroeder, M. Johnny Rungtusanatham, Susan Goldstein
Posted Date:
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