Browns updating equations, developed from discounted least squares, for the case of a trend model are actually

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Brown’s updating equations, developed from discounted least squares, for the case of a trend model are actually given by aˆt = xt + (1 − α)

2(aˆt−1 + ˆ

bt−1 − xt)

and ˆ

bt = ˆ

bt−1 − α2(aˆt−1 + ˆ

bt−1 − xt)

Show that these two equations are equivalent to Equations 3.32 and 3.33.

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Inventory And Production Management In Supply Chains

ISBN: 9781032179322

4th Edition

Authors: Edward A Silver, David F Pyke, Douglas J Thomas

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