Unformatted text preview: recent data weighted at 0.5, the second-most recent data weighted at 0.35, and the third-most recent data weighted at 0.15. • Using the data provided in the above table, explain what forecasting techniques are being used for 2008 and the first two quarters of 2009. • Computed the forecasting error using the exponential smoothing technique. • Computed the forecasting error using the weighted smoothing average method. • On the basis of your calculations, explain which technique provides the most accurate forecast for your company. Explain your answer with critical reasoning. Using the APA format, cite the sources you use on a separate page....
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This note was uploaded on 01/17/2012 for the course ECON 101 taught by Professor Econnorm during the Spring '11 term at Art Institutes Intl. Minnesota.
- Spring '11