b. Use a three-month weighted moving average with weights of 0.6, 0.3, 0.1 (most recent to last
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b. Use a three-month weighted moving average with weights of 0.6, 0.3, 0.1 (most recent to last recent, respectively) to calculate month-in-advance forecasts for months 4–12 and forecast for the first month of next year. Calculate the average forecast error and mean absolute error.
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Related Book For
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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