Adaptive Smoothing Definition and Explanation PDF | Download eBooks
Learn Adaptive Smoothing definition in supply chain management with explanation to study “What is Adaptive smoothing”. Study adaptive smoothing explanation with SCM terms to review supply chain management course for online MBA programs.
Adaptive Smoothing Definition:
An approach to exponential smoothing forecasting in which the smoothing constant is automatically changed to keep errors to a minimum.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Adaptive Smoothing Explanation:
It is the statistical forecasting method used by organizations to take seasonal changes into account with the coefficient. It is an extended version of exponential smoothing and the coefficient allowed changing with time to see the changes in the pattern of phenomenon that is studied or activities.
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