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6 . We would like to evaluate the performance of Moving Average ( 3 ) and Exponential Smoothing ( alpha = 0 . 6 )
We would like to evaluate the performance of Moving Average and
Exponential Smoothing alpha for the following weekly demand data:
Week Demand MA Exponential
Smoothing
with alpha
Blank columns are provided for your convenience.
a Develop forecast for Week using MA
b Develop forecast for Week using Exponential Smoothing alpha
c Which forecasting method is better? Explain why.
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