7. Maverick Jeans demand manager decided to evaluate exponential smoothing. To maintain comparability, she used the data

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7. Maverick Jeans’ demand manager decided to evaluate exponential smoothing. To maintain comparability, she used the data from problem 6.

a. Use a starting forecast of 20 for month 4 to develop forecasts for months 5–12 and the first month of next year. Use smoothing constants (␣) of 0.2, 0.5, and 0.8. Calculate the average forecast error and mean absolute error.

b. What observations do you have? How does exponential smoothing compare to the results for moving averages from problem 6?

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Manufacturing Planning And Control For Supply Chain Management

ISBN: 9780073377827

6th Edition

Authors: F. Robert Jacobs, William Berry, David Clay Whybark, Thomas Vollmann

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Question Posted: Jul 27, 2024 03:01 AM

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7. Maverick Jeans demand manager decided to evaluate exponential smoothing. To maintain comparability, she used the data

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Manufacturing Planning And Control For Supply Chain Management

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