OM (with OM Online, 1 term (6 months) Printed Access Card)
OM (with OM Online, 1 term (6 months) Printed Access Card)
6th Edition
ISBN: 9781305664791
Author: David Alan Collier, James R. Evans
Publisher: Cengage Learning
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Chapter 9, Problem 10PA
Summary Introduction

Interpretation:The best moving average and exponential smoothening models are to be determined along with theComparison of regression model with moving average and exponential smoothening models and the model that would be chosen.

Concept Introduction:

Moving average is the forecasting method in which various averages are taken for subsets of a given data.

Exponential smoothening is a moving average approach that applies exponentially decreasing weights to each demand.

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