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Please explain how to get the answers in red, especially part A. 6. We would like to evaluate the performance of Moving Average (3) and
Please explain how to get the answers in red, especially part A.
6. We would like to evaluate the performance of Moving Average (3) and Exponential Smoothing (alpha=0.6) for the following weekly demand data: Blank columns are provided for your convenience. a) Develop forecast for Week 9 using MA(3) 260 b) Develop forecast for Week 9 using Exponential Smoothing (alpha=.6) 228.074 c) Which forecasting method is better? Explain why. MAD for MA(3)=57.6 MAD for Exp. Sm. =52.7 Exponential Smoothing with alpha=.6 is better because of the smaller MADStep by Step Solution
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