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An Introduction to Management Science 13th Edition by David Anderson,Dennis Sweeney ,Thomas Williams ,Jeffrey Camm, Kipp Martin
Edition 13ISBN: 978-1439043271An Introduction to Management Science 13th Edition by David Anderson,Dennis Sweeney ,Thomas Williams ,Jeffrey Camm, Kipp Martin
Edition 13ISBN: 978-1439043271 Exercise 25
The following time series shows the sales of a particular product over the past 12 months: 
a. Construct a time series plot. What type of pattern exists in the data?
b. Use ? = 0.3 to compute the exponential smoothing values for the time series.
c. Use Excel Solver or LINGO to find the value of ? that minimizes MSE. ( Hint : Minimize the sum of squared error.)
a. Construct a time series plot. What type of pattern exists in the data?
b. Use ? = 0.3 to compute the exponential smoothing values for the time series.
c. Use Excel Solver or LINGO to find the value of ? that minimizes MSE. ( Hint : Minimize the sum of squared error.)
Explanation
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An Introduction to Management Science 13th Edition by David Anderson,Dennis Sweeney ,Thomas Williams ,Jeffrey Camm, Kipp Martin
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