Question: 3 - month Period Demand ( units ) Jan - Mar 2 0 2 2 3 2 0 0 Apr - Jun 2 0 2

3-month Period Demand (units)
Jan-Mar 2022
3200
Apr-Jun 2022
3600
Jul-Sep 2022
3600
Oct-Dec 2022
4000
Jan-Mar 2023
2600
Apr-Jun 2023
2400
Jul-Sep 2023
2400
Oct-Dec 2023
2200
Using Winters method, calculate the one-step and two-step demand forecasts for the upcoming two
3-month periods (i.e., Jan-Mar 2024 and Apr-Jun 2024). Show each step of your work.
Suppose that the demand for Apr-Jun 2024 turns out to be 2200 units. What is the MAPE value for
your two-period-ahead forecasts? That means you can only use your Apr-Jun 2024 forecast from part
a.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!