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A company has the following demand history for six months: Month Demand January February 214 226 March 232 April 228 May 220 June 230 The production planner decides two alternative methods to forecast the demand: Naive approach or 2-month moving average method. What is the absolute difference between the symmetric mean absolute percent errors (SMAPE) of these two methods? O a. 0.50 O b. 0.36 Oc. 1.38 Od. 1.20

A company has the following demand history for six months: Month Demand January February 214 226 March 232 April 228 May 220 June 230 The production planner decides two alternative methods to forecast the demand: Naive approach or 2-month moving average method. What is the absolute difference between the symmetric mean absolute percent errors (SMAPE) of these two methods? O a. 0.50 O b. 0.36 Oc. 1.38 Od. 1.20

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section: Chapter Questions
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A company has the following demand history for six months: Month Demand January 214 February 226 March 232 April 228 May 220 June 230 The production planner decides two alternative methods to forecast the demand: Naive approach or 2-month moving average method. What is the absolute difference between the symmetric mean absolute percent errors (SMAPE) of these two methods? a. 0.50 O b. 0.36 Oc. 1.38 Od. 1.20
Transcribed Image Text:A company has the following demand history for six months: Month Demand January 214 February 226 March 232 April 228 May 220 June 230 The production planner decides two alternative methods to forecast the demand: Naive approach or 2-month moving average method. What is the absolute difference between the symmetric mean absolute percent errors (SMAPE) of these two methods? a. 0.50 O b. 0.36 Oc. 1.38 Od. 1.20
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