Operations and Supply Chain Management
Operations and Supply Chain Management
14th Edition
ISBN: 9780078024023
Author: F. Robert Jacobs
Publisher: MCG
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Chapter 18, Problem 6OQ

a)

Summary Introduction

To calculate: The forecast for the remaining months using simple exponential smoothing

Simple exponential smoothing:

It is a time series forecasting method for univariate data without any trend or seasonality. It is the simplest of the various smoothing methods.

b)

Summary Introduction

To calculate: The mean absolute deviation.

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Operations and Supply Chain Management

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