Smoothing Constant Notes: Definitions & Explanations PDF | Download eBooks
Study Smoothing Constant lecture notes PDF with supply chain management definitions and explanation to study “What is Smoothing Constant?”. Study smoothing constant explanation with SCM terms to review supply chain management course for online MBA programs.
Smoothing Constant Definition:
Weighting factor used in an exponential smoothing forecast, a number greater than or equal to 0 and less than or equal to 1.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Smoothing Constant Notes:
The variable used in the time series technique to determine how the historical data related to time series values are weighted. This is used on the basis of exponential smoothing and if the constant is greater the higher value assigned to the latest period. The value for smoothing constant must be between 0 and 1.
Keep Learning with Supply Chain Management Notes
What is Operations Resource Capabilities?
Operations resource capabilities are the structure squares of upper hand in business. Three standard organization assets that consolidate to make ...
What is Transportation modeling?
Transport models are an efficient portrayal of the mind boggling genuine vehicle and land use framework as it exists. They ...
What is Variety?
In sociolinguistics, an assortment, likewise called a let, is a particular type of a language or language bunch. This may ...
What is Quantity Discount?
An amount rebate is a motivation offered to a purchaser that outcomes in a diminished expense for every unit of ...
What is Virtual Prototype?
Virtual prototyping is a technique during the time spent item improvement. It includes utilizing PC helped structure (CAD), PC computerized ...
What are 5 Ss?
5S is a framework for arranging spaces so work can be performed proficiently, successfully, and securely. This framework centers around ...