Discuss which model is preferred. d. Referring to part b, try different alpha and beta values in
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Discuss which model is preferred.
d. Referring to part
b, try different alpha and beta values in an attempt to determine an improved forecast model for monthly sales. For each model, show the forecast for period 17 and the MAD. Write a short report that compares the different models.
e. Referring to part d and to part c of Exercise 16-44, write a report to the Grossmieller sales manager that indicates your choice for the forecasting model, complete with your justification for the selection.
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Related Book For
Business Statistics
ISBN: 9781292220383
10th Global Edition
Authors: David Groebner, Patrick Shannon, Phillip Fry
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