The Bee Line Caf is well known for its popular homemade ice cream, which it makes in
Question:
Year/Quarter Ice Cream Sales (gal)
2008: 1 ..................350
2...................510
3 ..................750
4 ..................420
2009: 5...................370
6 ..................480
7 ...............860
8 ...............500
2010: 9 ..................450
10 ................550
11 ................820
12 ................570
Develop an adjusted exponential smoothing model with α = 0.50 and β = 0.50 to forecast demand, and assess its accuracy using cumulative error (E) and average error (Eˉ). Does there appear to be any bias in the forecast?
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Related Book For
Operations Management Creating Value Along the Supply Chain
ISBN: 978-0470525906
7th Edition
Authors: Roberta S. Russell, Bernard W. Taylor
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