Business, 01.07.2019 18:20 quickestlearner6171

Two experienced managers at wilson boat inc. are resisting the introduction of a computerized exponential smoothing system, claiming that their judgmental forecasts are much better than any computer could do. their past record of predictions is as follows : week actual demand manager’s forecast 1 4,000 4,500 2 4,200 5,000 3 4,200 4,000 4 3,000 3,800 5 3,800 3,600 6 5,000 4,000 7 5,600 5,000 8 4,400 4,800 9 5,000 4,000 10 4,800 5,000 1. how would the manager’s forecast compare to a single exponential smoothing forecast using ? 2. based on whatever calculations you think appropriate, are the manager’s judgmental forecasts performing satisfactorily? 3. what other criteria should be used to select a forecasting method for this company?

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Two experienced managers at wilson boat inc. are resisting the introduction of a computerized expone...

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