EBK OM
EBK OM
6th Edition
ISBN: 9781305888210
Author: Collier
Publisher: YUZU
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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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