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 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
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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