Question: (a) Plot the above data on a graph. Do you observe any trend, cycles, or random variations? (b) Starting in year 4 and going to
(a) Plot the above data on a graph. Do you observe any trend, cycles, or random variations?
(b) Starting in year 4 and going to year 12, forecast demand using a 3-year moving average. Plot your forecast on the same graph as the original data.
(c) Starting in year 4 and going to year 12, forecast demand using a 3-year moving average with weights of .1, .3, and .6, using .6 for the most recent year. Plot this forecast on the same graph.
| Year | Demand |
| 1 | 7 |
| 2 | 9 |
| 3 | 5 |
| 4 | 9 |
| 5 | 13 |
| 6 | 8 |
| 7 | 12 |
| 8 | 13 |
| 9 | 9 |
| 10 | 11 |
| 11 | 7 |
| 12 |
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