Question
Using the MAD calculated for a, b, and c, determine which forecast method is the most accurate. Explain your answer. a. (3 period moving average)
Using the MAD calculated for a, b, and c, determine which forecast method is the most accurate. Explain your answer.
a. (3 period moving average) MAD = 40.22
b. (weighted moving average 0.5, 0.3, 0.2) MAD = 46.58
c. (exponential smoothing forecast, alpha = 0.2) MAD = 50.76
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Operations Management Processes and Supply Chains
Authors: Lee J. Krajewski, Larry P. Ritzman, Manoj K. Malhotra
10th edition
978-013280747, 132807394, 9780132951814, 132807475, 132951819, 978-0132807395
