Supply chain management strategy: estimate demand for the next 4 days using a 4-day moving average as well as simple exponential smoothing with a = 0.1.
Supply chain management strategy Estimate demand for the next 4 days using a 4-day moving average as well as simple exponential smoothing with a = 0.1. (4 marks) Evaluate the MSE, MAD, MAPE, bias, and TS (i.e., the KPIs) in each case. Which of the two methods is better? Why? (3 marks) Use Holt’s model … Read more