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The closer the smoothing constant, alpha , is to 1.0 the greater the dampening, or smoothing, effect greater the reaction to the most recent demand.
The closer the smoothing constant, \alpha , is to 1.0 the greater the dampening, or smoothing, effect greater the reaction to the most recent demand. less accurate the forecast. more accurate the fore
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Purchasing and Supply Chain Management
Authors: Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
6th edition
1285869680, 978-1305809789, 1305809785, 978-1305833395, 978-1285869681
