Forecasting method-moving-average or exponential smoothing

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1. Choose one of the following forecasting methods discussed in this chapter: last-value, averaging, moving-average, or exponential smoothing. Identify the conditions when the method is most appropriate to use and give an example of an application of this method.

2. Describe a situation that you have seen that would be appropriately modeled using simulation. Explain why modeling using simulation would be appropriate.

3. Explain in 150 words, the need for CRM customer relationship management.

Reference no: EM132198840

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