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A company finds that its forecasts, using an (alpha)of 0.20, are becoming increasingly inaccurate (error is increasing).What should they best do, given the options below?
A company finds that its forecasts, using an (alpha)of 0.20, are becoming increasingly inaccurate (error is increasing).What should they best do, given the options below?
(Error = Actual demandminusforecast)
a.consult the 'predict your future for $5' shop across the street
b.increase value of alpha
c.stay with the same alpha
d.decrease value of alpha
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