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    Statistics
  3. Study Set
    Production and Operations Management
  4. Exam
    Exam 3: Demand Creation and Predictive Planning
  5. Question
    Employ Weights of 0
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Employ Weights of 0

Question 15

Question 15

Essay

Employ weights of 0.5,0.25 and 0.25 to obtain a 3-month weighted moving average for May.Calculate the error term if the actual result in May is 65. Employ weights of 0.5,0.25 and 0.25 to obtain a 3-month weighted moving average for May.Calculate the error term if the actual result in May is 65.

Correct Answer:

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Forecast for May = .5(60) + .2...

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