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Question:
(a) State and explain the conditions under which the following exponential smoothing techniques will be chosen:
(i) Winters' exponential smoothing. (ii) Holt's exponential smoothing, and (iii) Simple exponential smoothing,
(b) The adaptive-response-rate single exponential smoothing (ADRES) is another example of an exponential smoothing technique. Outline the main differences between the normal exponential models and ADRES model.
why should control target top management
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