Develop a two-period weighted moving average forecast for March 2019 through January 2020. Use weights of 0.6
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Develop a two-period weighted moving average forecast for March 2019 through January 2020. 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.
Transcribed Image Text:
MONTH DEMAND January 2019 February 119 72 March 113 April 82 82 May June 131 July 111 August September 116 89 October 95 November 88 December 90
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Related Book For
Introduction to Operations and Supply Chain Management
ISBN: 978-0134740607
5th edition
Authors: Cecil B. Bozarth, Robert B. Handfield
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