The past demands at a medical clinic follow: The clinic's administration is considering the following forecasting methods.

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The past demands at a medical clinic follow:

The past demands at a medical clinic follow:
The clinic's administration

The clinic's administration is considering the following forecasting methods. Start error measurement in the fourth week, so all methods are evaluated over the same periods.
i. Naive (1-period moving average)
ii. 3-period moving average
iii. Exponential smoothing, with a = 0.28.
iv. Trend projection with regression
v. Which forecasting method should management use if the performance criterion it chooses is

  • CFE?
  • MSE?
  • MAD?
  • MAPE?
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Related Book For  answer-question

Foundations Of Operations Management

ISBN: 9780133251661

4th Canadian Edition

Authors: Larry P. Ritzman, Lee J. Krajewski, Manoj K. Malhotra, Robert D. Klassen

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