Calculate forecasts using simple exponential smoothing, Operation Management

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Calculate forecasts using simple exponential smoothing

The following tabulations are actual sales of units for six months and a starting forecast in January.

a. Calculate forecasts for the remaining five months using simple exponential smoothing with

α = 0.2

b. Calculate MAD for the forecasts.

ACTUAL FORECAST
January 100 80
February 94
March 106
April 80
May 68
June 94

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Operation Management: Calculate forecasts using simple exponential smoothing

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Operation Management: Calculate forecasts using simple exponential smoothing

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Recent Questions Asked Operation Management

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Operation Management: Calculate forecasts using simple exponential smoothing

Reference No:- TGS079693

Recent Questions Asked Operation Management

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