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Given the following data, according to MAD/MAE which is the most accurate forecasting technique---the naïve forecast, the two-period moving average forecast, the weighted moving average forecast with weights of .5, .3, & .2, respectively, or the exponential smoothing forecast with a = .2? Month Demand 1 2 20 3 19 4 18 19 5 17 O two-period moving average forecast Oweighted moving average forecast with weights of .5..3, & 2 Onaive forecast O exponentially smoothed forecast with a 2

Given the following data, according to MAD/MAE which is the most accurate forecasting technique---the naïve forecast, the two-period moving average forecast, the weighted moving average forecast with weights of .5, .3, & .2, respectively, or the exponential smoothing forecast with a = .2? Month Demand 1 2 20 3 19 4 18 19 5 17 O two-period moving average forecast Oweighted moving average forecast with weights of .5..3, & 2 Onaive forecast O exponentially smoothed forecast with a 2

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Given the following data, according to MAD/MAE which is the most accurate forecasting technique---the naïve forecast, the two-period moving average forecast, the weighted moving average forecast with weights of .5, .3, & .2, respectively, or the exponential smoothing forecast with a = 2? Month Demand 1 19 2 20 3 18 19 5 17 two-period moving average forecast Oweighted moving average forecast with weights of .5..3, & 2 Onaive forecast O exponentially smoothed forecast with a 2
Transcribed Image Text:Given the following data, according to MAD/MAE which is the most accurate forecasting technique---the naïve forecast, the two-period moving average forecast, the weighted moving average forecast with weights of .5, .3, & .2, respectively, or the exponential smoothing forecast with a = 2? Month Demand 1 19 2 20 3 18 19 5 17 two-period moving average forecast Oweighted moving average forecast with weights of .5..3, & 2 Onaive forecast O exponentially smoothed forecast with a 2
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