Repeat the calculations in Problem 51 using simple exponential smoothing, and allow the smoothing constant to
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Repeat the calculations in Problem 51 using simple exponential smoothing, and allow the smoothing constant to be a variable. That is, the smoothing constant should be a cell location. By experimenting with different values of , determine the value that appears to minimize the
a. MAD
b. MSE
c. MAPE Assume that the forecast for month 1 is 225.
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Related Book For
Production And Operations Analysis
ISBN: 9781478623069
7th Edition
Authors: Steven Nahmias, Tava Lennon Olsen
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