How could you quantify your claims

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1. In what way is an exponential smoothing model really a moving average model?

2. Your boss has less training than you have in business statistics. She asks you to explain the logic of the least squares regression method for determining a trend line. What would you tell her?

3. Your firm is considering reducing staff, and your forecasting department has been mentioned as a prime candidate for this treatment. Outline a brief memo to defend the value of your department's services to the firm. How could you quantify your claims?

Reference no: EM13896950

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