Question 1 what type of time-series components would you, Ask an Expert

Management Studies

Question: 1. What type of time-series components would you expect for the following products and services?

a. Monthly sales of a retail florist.

b. Monthly sales of milk in a supermarket.

c. Daily demand in a call center.

2. What are the advantages of exponential smoothing over the moving average and the weighted moving average?

3. How should the choice of α be made for exponential smoothing?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92750415

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