Practical Operations Management
Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 4, Problem 7P
Summary Introduction

Interpretation:Identification of result and analyzing in smoother forecasting after the usage of alpha when ∝ = 0.2 or ∝ = 0.5

Concept Introduction:Simple exponential smoothing is a method of forecasting depends upon past prediction & its errors as it represents the organization’s future performance based upon previous records.

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