Using the data in Problem 20 and the Time Series Solver of OM Explorer, find the best

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Using the data in Problem 20 and the Time Series Solver of OM Explorer, find the best exponential smoothing parameter alpha that minimizes MAD. Let the forecast for period 1 be the actual data for period 1, and begin the error analysis in period 2.

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Operations Management Processes and Supply Chains

ISBN: 978-0133872132

11th edition

Authors: Lee J. Krajewski, Manoj K. Malhotra, Larry P. Ritzman

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Question Posted: Aug 29, 2016 08:12 AM

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Using the data in Problem 20 and the Time Series Solver of OM Explorer, find the best

Question:

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Large Public Library continued using 1847 as initial average Using the Time Series Forecasting Solv...View the full answer

Operations Management Processes and Supply Chains

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