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 8PE
Summary Introduction

To explain: If the alpha and delta parameters will be closer to 1 or 0.

Exponential smoothing:

It is a forecasting technique which uses weighted data from the previous observations with the decaying of weights as the data becomes older.

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