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Unformatted text preview: GLOBAL OPERATIONS MANAGEMENT From the graph provided above, it clearly states that the 5- period moving average forecasts the demands more efficiently than the 3- period moving average. Which of the above forecasts is best? Why? The forecast that is believed to be best for the ABC Floral Shop is the 5- period moving average. The reason why this type of forecast was chosen as satisfactory is because the graph doesnt represent so much inconsistency in the numbers. As the graph shows, the forecast for the 3- period moving average shows that the numbers are continuously going up and down. This may be hard to try and make a conclusion based off of this type of forecasting method. Therefore, this company should utilize the other forecasting method provided....
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This note was uploaded on 03/08/2012 for the course MGMT 415-1201B- taught by Professor Smotherman during the Spring '12 term at American InterContinental University.
- Spring '12