Assume that you are the production manager for Fast Current Kayaks of Washington State. One of the
Question:
a. Given the data shown above, beginning in Quarter 1 of year 2, use a moving average based on four quarters to predict the demand in each quarter.
b. Using the same data, forecast demand using exponential smoothing. You are given an initial forecast for year 1, quarter 1 of 17. When generating your forecasts, assume that the smoothing coefficient is 0.10.
c. Which of the forecasting procedures performed the best? Why? Hint: Plot the demand data to better understand what is going on in the data.
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Related Book For
Managing Operations Across the Supply Chain
ISBN: 978-0078024030
2nd edition
Authors: Morgan Swink, Steven Melnyk, Bixby Cooper, Janet Hartley
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