Given the following data, use exponential smoothing with Î± = 0.2 and Î± = 0.5 to generate

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Given the following data, use exponential smoothing with Î± = 0.2 and Î± = 0.5 to generate forecasts for periods 2 through 6. Use MAD and MSE to decide which of the two models produced a betterforecast.

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Operations Management

ISBN: 978-0470325049

4th edition

Authors: R. Dan Reid, Nada R. Sanders

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Question Posted: Oct 19, 2012 08:28 AM

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Given the following data, use exponential smoothing with Î± = 0.2 and Î± = 0.5 to generate

Question:

Period Actual Forecast 15 18 14 16 13 16 17

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Using the MAD Criterion Period Actual Forecast Absolute Forecast ...View the full answer

Operations Management

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