Under the assumption of a level model, that is, xt = a + t show that the
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Under the assumption of a level model, that is, xt = a + t show that the choice of a to minimize S = t j=t−N+1
(xj − at)
2 where xj is the actual demand in period j, is given by aˆt = (xt + xt−1 +···+ xt−N+1)/N
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Related Book For
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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