Tag: demand forecasting

BE279 Applied Statistics and Forecasting

Strategy, Operations, & Entrepreneurship Group Essex Business School Module Code BE279 Module Title Applied Statistics and Forecasting Assessment Type Individual Report (2,000 word) Academic Year 2022/23, Spring Term Submission Deadline Refer to FASER Task Specific Guidance Please note that: Module Learning Outcomes On successful completion of the module, students will

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Decision Analysis and Forecasting Exercises

Unit 4 Exercises Question 4.1 Use exponential smoothing with trend adjustment to forecast demand for period 11. Let α = 0.5,  = 0.3, and let the initial trend value be 12 and the initial forecast be 200. Period Actual Demand 1 200 2 212 3 214 4 222 5 236

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