How should the choice of a be made for exponential smoothing

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Reference no: EM131911749

Question: 1. What type of time-series components would you expect for the following products and services?

a. Monthly sales of a retail florist.

b. Monthly sales of milk in a supermarket.

c. Daily demand in a call center.

2. What are the advantages of exponential smoothing over the moving average and the weighted moving average?

3. How should the choice of α be made for exponential smoothing?

Reference no: EM131911749

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