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In Lab 3 , we used Solver to determine the best weights for the Weighted Moving Average Forecast and the best alpha for the Exponential

In Lab

3,

we used Solver to determine the best weights for the Weighted Moving Average Forecast and the best alpha for the Exponential Smoothing Forecast. We then calculated the cumulative forecast error

(

CFE

)

for each forecast using the best weights and best alpha.

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