Question: A product has a consistent year round demand. You are responsible for the forecast and have been tasked with experimenting with some time series analysis.
A product has a consistent year round demand. You are responsible for the forecast and have been tasked with experimenting with some time series analysis. Using this previous monthly demand, calculate the following forecasts for each period possible. A) 3 Period Simple moving average B) 4 Period Weighted moving average using weights of .4,.3,.2,.1, C) two- period weighted moving average with weights of .6,.4 and D) Exponential Smoothing forecast using an Alpha of .25. and a Week 1 forecast of 1000 units. Round all forecasts to whole numbers.
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