Unformatted text preview: own words to explain how the calculation is performed? 3. How to generate forecasts using the simple exponential smoothing technique? Can you use your own words to explain how the calculation is performed? 4. What is the relationship between the simple moving average, weighted moving average, and the exponential smoothing technique? (Hint: think about the connections between N used in the simple moving average technique, W used in the weighted moving average, and the alpha used in the simple exponential smoothing technique.) 5. How the choice of N will affect the forecast you generate using the simple moving average technique (Hint: read AND think p.249)? 6. Can you generalize your conclusion for Question 5 and apply it to weighted moving average and exponential smoothing techniques in term of your choice of weights and alpha values?...
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- Spring '09
- Management, Time series analysis, Dr. Huang, exponential smoothing technique, Average Technique