OPERTATIONS MGMT:SUSTAINABILITY
2nd Edition
ISBN: 9781323751718
Author: HEIZER
Publisher: PEARSON
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Textbook Question
Chapter 4, Problem 11P
Use exponential smoothing with a smoothing constant of 0.3 to
a) What is the MAD?
b) What is the MSE?
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Using exponential smoothing with a weight of 0.6 on actual values: (a) If sales are $45,000 and $50,000 for 2017 and 2018, what would you forecast for 2019. (The first forecast is equal to the actual value of the preceding year) (b) Given the forecast and actual 2019 sales of $53,000, what would you forecast for 2020
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Chapter 4 Solutions
OPERTATIONS MGMT:SUSTAINABILITY
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