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HomeChapter 12 Formulas
MK

Chapter 12 Formulas

Forecast Error=Actual Demand−Forecast

n could be the # of weeks

When using a moving average to forecast for a given period, we use the previous n periods' data to compute the forecast. For example, A1-3 would be the periods before a fourth week.

best moving average model with respect to MAD is the lowest number

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