Question: THIS QUESTION IS NOT SAME AS THE OTHER INES THAT ARE IN CHEGG! THE NUMBERS ARE DIFFERENT. Please answer the following questions in details. Thank
THIS QUESTION IS NOT SAME AS THE OTHER INES THAT ARE IN CHEGG! THE NUMBERS ARE DIFFERENT. Please answer the following questions in details. Thank you.
1. Here are the actual tabulated demands for an item for a nine-month period (January through September). Your supervisor wants to test two forecasting methods to see which method was better over this period. a. Forecast April through September using a three-month moving average. b. Use simple exponential smoothing with an alpha of 0.3 to estimate April through September. Use MAD to decide which method produced the better forecast over the six-month period. c. Month January February March April May June July August September Actual 111 133 152 173 165 181 140 132 140
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