Forecast bias is useful to determine a. Seasonality b. Trends c. if forecast error is truly random d. the exponential smoothing factor
Forecast bias is useful to determine a. Seasonality b. Trends c. if forecast error is truly random d. the exponential smoothing factor
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 28P: The file P13_28.xlsx contains monthly retail sales of U.S. liquor stores. a. Is seasonality present...
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Question
a. |
Seasonality |
|
b. |
Trends |
|
c. |
if forecast error is truly random |
|
d. |
the exponential smoothing factor |
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