Essay
Weekly demand for pairs of pants at a Hot Tropic store is as follows:
Estimate demand for the week 13 using a four-week moving average as well as simple exponential smoothing with α=0.1.Evaluate the MAD for each case.Which of the two methods do you prefer? Why? NOTE: For the simple exponential smoothing use the actual from the first period as the forecast for the first period.
Correct Answer:
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The Exponential smoothing met...View Answer
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Correct Answer:
Verified
The Exponential smoothing met...View Answer
Unlock this answer now
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