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Exponential Smoothing with Trend
Problem StatementRecalculate the forecast for next Monday using a trend adjustment with 0.2. Using the MAD measure, compare the quality of this trend-adjusted forecast with the simple exponential smoothing in Problem 1.
Problem 1
Simple Exponential Smoothing
Problem StatementThe first-week demand for a new barbecue burger is
What is the forecast demand for next Monday using a smoothing constant a = 0.3?
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