Develop a two-period weighted moving average forecast for March 2016 through January 2017. Use weights of 0.6
Question:
Develop a two-period weighted moving average forecast for March 2016 through January 2017. Use weights of 0.6 and 0.4, with the most recent observation weighted higher. Calculate the MFE, MAD, and MAPE values for March through December.
Month
Demand
January 2016.........................110
February................................75
March.................................123
April....................................62
May....................................102
June....................................151
July.....................................121
August.................................118
September..............................99
October..................................95
November..............................80
December..............................110
Step by Step Answer:
Month Demand Forecast Forecast Absolute Absolute a 03 Error Deviation Error 1a 07 Jan16 119 10...View the full answer
Introduction to Operations and Supply Chain Management
ISBN: 978-1292093420
4th Global edition
Authors: Cecil B. Bozarth, Robert B. Handfield
