Demand Forecasting By using the following data: Week Forecast Actual 1 150 160 2 155 162 3
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Question:
Demand Forecasting By using the following data:
Week | Forecast | Actual |
1 | 150 | 160 |
2 | 155 | 162 |
3 | 160 | 158 |
4 | 158 | 160 |
5 | ? |
Forecast demand for the next period by using:
- Weighted 4 weeks average with the following weights:
Week 1: 20%
Week 2: 20%
Week 3: 25%
Week 4: 35%
- Two weeks moving average
- Single Exponential Smoothing
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
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