Practical Operations Management
Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 4, Problem 1P
Summary Introduction

Interpretation:Finding the impact on moving average forecast when there are changes in data series as a result of changed data points in the average.

Concept Introduction:Moving average forecast refers to calculation of forecast value depending upon the mean of actual values at a fixed range and it is a simple method to estimate variable trend with range of period or values.

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