Simple Demand Forecasting Methods: Moving Average and Smoothing
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Simple Demand Forecasting Methods: Moving Average and Smoothing
The source material explains three common and straightforward methods for forecasting demand, which are easily implemented using tools like Excel. The first method presented is the simple moving average, where a forecast is calculated by averaging the actual demand from a specified number of preceding periods, such as a three-month or six-month ...
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Demand Forecasting Methods
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