Production and Operations Analysis, Seventh Edition
Production and Operations Analysis, Seventh Edition
7th Edition
ISBN: 9781478623069
Author: Steven Nahmias, Tava Lennon Olsen
Publisher: Waveland Press, Inc.
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Chapter 2.7, Problem 23P
Summary Introduction

To explain: The comparison and difference of exponential smoothing when α is small (near zero) and when α is large (near 1).

Introduction:Exponential smoothing is a technique of forecasting used for the assessment of stationary time series. It is described as a manner to smooth out information by eliminating random effects of noise.

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