1. A forecaster must decide on the value of this factor before he can use the simple moving average model. *   a. Actual demand for each period b. Averaging period c. Exponential smoothing constant d.Weights

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...
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1. A forecaster must decide on the value of this factor before he can use the simple moving average model. *
 
a. Actual demand for each period
b. Averaging period
c. Exponential smoothing constant
d.Weights
 
2. A forecaster must decide on the value of this factor before he can use the exponential smoothing model. *
 
a. Actual demand for each period
b. Averaging period
c. Exponential smoothing constant
d. Weights
 
3. A forecaster must calculate this value to assess the accuracy of a time series forecasting model. *
a. Averaging period
b. Correlation coefficient
c. Exponential smoothing constant
d. Mean absolute deviation
 
 
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