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Multiple Choice Model III is the Weighted Moving Average model Model I is the Simple Moving Average model Model II is the Simple Moving Average model Model II is the Exponential Smoothing model

Multiple Choice Model III is the Weighted Moving Average model Model I is the Simple Moving Average model Model II is the Simple Moving Average model Model II is the Exponential Smoothing model

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Multiple Choice O Model III is the Weighted Moving Average model Model I is the Simple Moving Average model Model II is the Simple Moving Average model Model II is the Exponential Smoothing model
Transcribed Image Text:Multiple Choice O Model III is the Weighted Moving Average model Model I is the Simple Moving Average model Model II is the Simple Moving Average model Model II is the Exponential Smoothing model
The following chart is produced based on the actual demand data collected in the past. It exhibits a decreasing trend. The solid line with a circle marker, At, is the actual demand line, which ends one period earlier (t=10) than the three forecast lines. The three forecast lines labeled as Model I, Model II, and Model III, are based on three smoothing models, Simple Moving Average (n=3), Weighted Moving Average (n=3, w1=0.2, w2=0.3, and w3=0.5), and Exponential Smoothing model with a=0.8. (At: solid green line with circles, Model I: dashed black line with triangle, Model II: solid purple line with x's at the top, Model III: solid red line with squares) Which of the following statements is correct? 300.00 250.00 200.00 150.00 100.00 50.00 0.00 4 At 5 6 Modell 7 8 -Model II 9 10 Model III 11
Transcribed Image Text:The following chart is produced based on the actual demand data collected in the past. It exhibits a decreasing trend. The solid line with a circle marker, At, is the actual demand line, which ends one period earlier (t=10) than the three forecast lines. The three forecast lines labeled as Model I, Model II, and Model III, are based on three smoothing models, Simple Moving Average (n=3), Weighted Moving Average (n=3, w1=0.2, w2=0.3, and w3=0.5), and Exponential Smoothing model with a=0.8. (At: solid green line with circles, Model I: dashed black line with triangle, Model II: solid purple line with x's at the top, Model III: solid red line with squares) Which of the following statements is correct? 300.00 250.00 200.00 150.00 100.00 50.00 0.00 4 At 5 6 Modell 7 8 -Model II 9 10 Model III 11
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