Demand has been steadily increasing every day for a number of weeks. Three forecasting methods are being used to forecast daily demand: a naive forecast, a moving average forecast (n=4 days), and a weighted moving average forecast using (w1 = 0.5, w2 = 0.25, w3 = 0.15,w4 = 0.1; applies to most recent(demand). Which of these three forecast methods will result in the higher forecast for the next period?

a. They will be the same

b. Weighted Moving Average

c. Moving Average

d. Naïve Forecast

Answer rating: 100% (QA)

As per given statement demand is increasing Let assume demands are 20 22 24 ... View the full answer