Practical Operations Management
Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 4, Problem 8P
Summary Introduction

Interpretation:Identification of the result of forecasting technique when there is aggregation of previous forecast and some percentage of forecast error.

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

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