Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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b. Calculate the MAD for all the forecasts, including January's.
MAD
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Transcribed Image Text:b. Calculate the MAD for all the forecasts, including January's. MAD
The following tabulations are actual sales of units for six months and a starting forecast in January.
FORECAST
80
January
February
March
April
May
June
ACTUAL
100
94
106
80
68
94
a. Calculate forecasts for the remaining five months using simple exponential smoothing with a = 0.2.
February
March
April
May
June
Forecasts
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Transcribed Image Text:The following tabulations are actual sales of units for six months and a starting forecast in January. FORECAST 80 January February March April May June ACTUAL 100 94 106 80 68 94 a. Calculate forecasts for the remaining five months using simple exponential smoothing with a = 0.2. February March April May June Forecasts
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