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1. By using the actual demand of the first 16 periods, forecast the demand for period 17, by 3-period moving average and exponential smoothing techniques
1. By using the actual demand of the first 16 periods, forecast the demand for period 17, by 3-period moving average and exponential smoothing techniques () . 2. Find the best value for exponential smoothing techniques. 4. Finally, see which forecast is more accurate by using Mean absolute deviation (MAD) and Mean Squared Error (MSE)
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Principles of Supply Chain Management A Balanced Approach
Authors: Joel D. Wisner, Keah Choon Tan, G. Keong Leong
5th edition
1337406499, 133740649X, 9781337672016 , 978-1337406499
