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The manager of the Petroco Service Station wants to forecast the demand for unleaded gasoline next month so that the proper number of gallons can
The manager of the Petroco Service Station wants to forecast the demand for unleaded gasoline next month so that the proper number of gallons can be ordered from the distributor. The owner has accumulated the following data on demand for unleaded gasoline from sales during the past months: Months October November December January February March April May June July Demand Part Compute the following: a MA b MA cWMA dExponential Smoothing forecast a eAdjusted Exponential Smoothing forecast a B Part Using MAD, determine which of these five forecasts is more accurate. The manager of the Petroco Service Station wants to forecast the dernand for unleaded gasoline next month so that the proper number of gallons can be ordered from the distributor. The owner has accumulated the following data on demand for unleaded gasoline from sales during the past months: Part Compute the following: a MA b MA c WMA d Exponential Smoothing forecast alpha e Adjusted Exponential Smoothing forecast alpha beta Part Using MAD, determine which of these five forecasts is more accurate.
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