Question: 1)Estimate your forecast (keep two decimal points) for April using a three period weighted moving average (Weight 4, 2, 1, higher weight goes to more

1)Estimate your forecast (keep two decimal points) for April using a three period weighted moving average (Weight 4, 2, 1, higher weight goes to more recent data) based on the following data:

January Demand = 13

February Demand = 10

March Demand = 9

2) You have estimated your trend line as Y = 32 + 4.5t. For the 23rd period, what is your forecasting error based on this trend line, if your actual demand for period 23 is 140.7.

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Problem 1 Weighted Moving Average Forecast Understanding the Problem Were asked to forecast April demand using a 3period weighted moving average with weights 42and 1 highest weight for the most recent ... View full answer

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