Question: 6/ Use a three-year weighted moving average to forecast demand in the year 2007. The actual demand for the most recent year, 2006, is 45,000.

6/ Use a three-year weighted moving average to forecast demand in the year 2007. The actual demand for the most recent year, 2006, is 45,000. Actual demands for the years 2005 and 2004 are 53,000 and 49,000, respectively. Suppose the years 2005 and 2004 are weighted equally, while the year 2006 is weighted twice as much as the year 2005. What is the forecasted demand for the year 2007?

Given the demand values and the January forecast in the table, develop the forecast for March using the exponential smoothing model with = 0.40.

Period	Demand	Forecast
January	1,250	1,200
February	1,225	?
March	?	?

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