14 The following table contains the demand from the last 10 months: a. Calculate the single exponential
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14 The following table contains the demand from the last 10 months:
a. Calculate the single exponential smoothing forecast for these data using an a of.30 and an initial forecast (F) of 31.
b. Calculate the exponential smoothing with trend forecast for these data using ana of .30, a 8 of .30, an initial trend forecast (T) of 1, and an initial exponentially smoothed forecast (F) of 30.
c. Calculate the mean absolute deviation (MAD) for each forecast. Which is best?
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Related Book For
Operations Management For Competitive Advantage
ISBN: 1572
11th Edition
Authors: Richard B. Chase, F. Robert Jacobs
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