- Access to
**800,000+**Textbook Solutions - Ask any question from
**24/7**available

Tutors **Live Video**Consultation with Tutors**50,000+**Answers by Tutors

Using the time series shown in Problem 16 1 answer the

Using the time series shown in Problem 16.1, answer the following questions:

a. Forecast the demand for Period 8 using a three- period weighted moving average with weights 4, 3, and 1, applying 4 to the most recent data and 1 to the oldest data.

b. Calculate the MAD for the forecast in part a.

a. Forecast the demand for Period 8 using a three- period weighted moving average with weights 4, 3, and 1, applying 4 to the most recent data and 1 to the oldest data.

b. Calculate the MAD for the forecast in part a.

Membership
TRY NOW

- Access to
**800,000+**Textbook Solutions - Ask any question from
**24/7**available

Tutors **Live Video**Consultation with Tutors**50,000+**Answers by Tutors

Relevant Tutors available to help