Question
The errors of the forecasts have been calculated using 4 methods, which are shown below: Method Average Error MAD A)3-month moving average 0.7 7.40 B)
The errors of the forecasts have been calculated using 4 methods, which are shown below:
Method Average Error MAD
A)3-month moving average 0.7 7.40
B) Moving average
3-month weighted -0.3 8.40
C)Exponential smoothing 1.8 7.10
D)Regresin lineal 0.0 5.70
Based on the information, determine which forecasting method is most appropriate:
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Operations And Supply Chain Management
Authors: F. Robert Jacobs, Richard Chase
14th Edition
978-0077824921, 78024021, 9780077823344, 007782492X, 77823346, 978-0078024023
