The Resource Comparing inventory demand forecasts, by Peter W. Zehna and Charles F. Taylor, Jr

Comparing inventory demand forecasts, by Peter W. Zehna and Charles F. Taylor, Jr

Label
Comparing inventory demand forecasts
Title
Comparing inventory demand forecasts
Statement of responsibility
by Peter W. Zehna and Charles F. Taylor, Jr
Creator
Contributor
Subject
Language
eng
Summary
Continued efforts to compare exponential smoothing with other alternatives to demand forecasting are summarized. Using stock-out risk at one extreme and oversupply at the other, the effects of variability in forecasting, even when accurate with respect to the mean, are highlighted. Using a normal model, exponential smoothing is identified as a major source of variability. Various forecast methods are compared using simulation relative to mean squared error when mean demand is allowed to vary according to specified patterns. In almost all circumstances, exponential smoothing consistently emerges as a first choice. The same alternatives are compared using real demand data and the results show exponential smoothing and maximum likelihood to be essentially equivalent
Cataloging source
AD#
http://library.link/vocab/creatorName
Zehna, Peter W
Government publication
federal national government publication
Index
no index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
  • technical reports
http://library.link/vocab/relatedWorkOrContributorName
  • Taylor, Charles Floyd
  • Naval Postgraduate School (U.S.)
http://library.link/vocab/subjectName
  • Inventory control
  • Economic forecasting
Type of report
Technical report; 1975.
Label
Comparing inventory demand forecasts, by Peter W. Zehna and Charles F. Taylor, Jr
Link
Instantiates
Publication
Note
  • Title from cover
  • "Prepared for: Research and Development Division Naval Supply Systems Command, Washington, D.C. 20367"--Cover
  • "May 1975"--Cover
  • "NPS-55Ze75051"--Cover
  • Author(s) subject terms: Forecasting demand, statistical variability, inventory forecasts, exponential smoothing
Bibliography note
Includes bibliographical references (p. 50)
Extent
1 online resource (51 pages)
Form of item
online
Governing access note
"Approved for public release; distribution unlimited"--Cover
Specific material designation
remote
Label
Comparing inventory demand forecasts, by Peter W. Zehna and Charles F. Taylor, Jr
Link
Publication
Note
  • Title from cover
  • "Prepared for: Research and Development Division Naval Supply Systems Command, Washington, D.C. 20367"--Cover
  • "May 1975"--Cover
  • "NPS-55Ze75051"--Cover
  • Author(s) subject terms: Forecasting demand, statistical variability, inventory forecasts, exponential smoothing
Bibliography note
Includes bibliographical references (p. 50)
Extent
1 online resource (51 pages)
Form of item
online
Governing access note
"Approved for public release; distribution unlimited"--Cover
Specific material designation
remote

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