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A) Forcast April through September using a 3-month moving average. B) Use simple exponential smoothing with an alpha of 0.3 to estimate April through September,
A) Forcast April through September using a 3-month moving average.
B) Use simple exponential smoothing with an alpha of 0.3 to estimate April through September, using the average of January through March as the inital forcast
C) Calculate the MAD for each method
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Here are the actual tabulated demands for an item for a nine-month period (January through September). Your supervisor wants to test two forecasting methods to see which method was better over this periodStep by Step Solution
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