Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hey, quick question! I want your input on something. What forecasting model would you use in a case where a product has variable demand. Our
Hey, quick question! I want your input on something. What forecasting model would you use in a case where a product has variable demand. Our Tshirt brand follows the latest trends closely, so the team wants to use a model that can account for frequent changes.
Id recommend using double exponential smoothing because it's best for clothing and other trendy products.
Id recommend using exponential smoothing because it's best for clothing and other trendy products.
Id recommend using the modified moving average or weighted moving average because these are best for products with variable demand, like common toiletries. among what is the right answer to choose
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started