Use exponential smoothing with a smoothing constant of 0.3 to forecast the demand for fertilizer given in

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Use exponential smoothing with a smoothing constant of 0.3 to forecast the demand for fertilizer given in Problem 5-15. Assume that last period's forecast for year 1 is 5,000 bags to begin the procedure.

Would you prefer to use the exponential smoothing model or the weighted average model developed in Problem 5-15? Explain your answer.

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Quantitative Analysis For Management

ISBN: 162

11th Edition

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna

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Question Posted: Aug 31, 2012 05:44 AM

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Use exponential smoothing with a smoothing constant of 0.3 to forecast the demand for fertilizer given in

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a 03 New forecast for year 2 is last periods forecast a last periods actual demand last periods fore...View the full answer

Quantitative Analysis For Management

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