Practical Operations Management
Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 4, Problem 1.2Q
Summary Introduction

Interpretation: The forecast for the Friday 9 am session is to be determined.

Concept Introduction: The following formula will be used to calculate the forecast value −

  Forecast value = last forecast value +alpha (last actual value last forecasted value)

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