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Problem 3 (5 Points) Consumer demand (in thousands) on a fast moving product fluctuates with the market. Historical mont
Posted: Fri May 20, 2022 6:22 am
by answerhappygod
- Problem 3 5 Points Consumer Demand In Thousands On A Fast Moving Product Fluctuates With The Market Historical Mont 1 (28.79 KiB) Viewed 57 times
Problem 3 (5 Points) Consumer demand (in thousands) on a fast moving product fluctuates with the market. Historical monthly figures for 2020 are as follows: MONTH Demand January February March April May June July August September October November December 19.7 19.7 20.5 22.4 20.3 21.3 23.4 21.5 20.6 20.4 30.2 22.1 Use exponential smoothing with an initial smoothing constant of 0.35 to forecast demand for January 2021. Evaluate the performance of the forecasting model using the SSE index. NOTE: Show your work in the space provided for full credit.