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.

MONTH DEMAND January 2019 February 119 72 March 113 April 82 82 May June 131 July 111 August September 116 89 October 95

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Introduction to Operations and Supply Chain Management

ISBN: 978-0134740607

5th edition

Authors: Cecil B. Bozarth, Robert B. Handfield

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Question Posted: Jun 22, 2019 08:54 AM

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Develop a two-period weighted moving average forecast for March 2019 through January 2020. Use weights of 0.6

Question:

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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Month Demand Forecast Forecast Absolute Absolute MFE 1 Error Deviation ...View the full answer

Introduction to Operations and Supply Chain Management

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