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Question: The daily demand for chocolate donuts from the Donut-Hole Shop has been recorded for a two-week period.
a. Simulate a forecast of the demand using trend-adjusted exponential smoothing. Use values of A0 = 90, T0 = 25, and α = β = .2.
b. Plot the data and the forecast on a graph.
c. Does this appear to be a good model for the data?
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
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A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
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