Why is forecasting necessary in OSCM It is a common saying that the only thing certain about
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Question:
- Why is forecasting necessary in OSCM
- It is a common saying that the only thing certain about a forecast is that it will be wrong.What is meant by this?
- From the choice of simple moving average, weighted moving average, exponential smoothing, and linear regression analysis, which forecasting technique would you consider the most accurate?Why?
- Discuss the basic differences between the mean absolute deviation and mean absolute percent error.
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