The Cat Creek Mining Company mines and ships coal. It has experienced the following demand for coal
Question:
The Cat Creek Mining Company mines and ships coal. It has experienced the following demand for coal during the past 8 years:
Year Coal Sales (tons)
1 4,260 2 4,510 3 4,050 4 3,720 5 3,900 6 3,470 7 2,890 8 3,100 Develop an adjusted exponential smoothing model (a = .30, b = .20) and a linear trend line model and compare the forecast accuracy of the two by using MAD. Indicate which forecast seems to be more accurate. LO.1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: