Practical Operations Management
Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 4, Problem 22P
Summary Introduction

Interpretation: Based on the forecast and the assumption of the company, determine the number of units of the item that will be ordered in the second fiscal quarter.

Concept Introduction: The procedure of predicting the future value on the basis of the previous prediction and a segment of the errors in the earlier prediction is called as Simple exponential smoothing forecast.

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