Archive | January, 2018

Exponential smoothing weightings with a smoothing constant of 0.1

Exponential Smoothing and Inventory Management

The technique described here is called “exponential smoothing”. It is a simple method of updating an average as new data becomes available. It is the basis of most techniques used for forecasting customer demands. It was discussed briefly in the article entitled “Demand Rate Estimation”. In this article, it will be illustrated in relation to […]

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