Question: A weighted moving average method is used to forecast demand for a product. The assigned weights are 5 to the previous month's demand, 3 to

A weighted moving average method is used to forecast demand for a product. The assigned weights are 5 to the previous month's demand, 3 to demand two months ago, and 1 to demand three months ago. The previous sales are 89 in December, 90 in January, and 85 in February. Write down the forecast for March. Give your answer to two decimal places.

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!

Q:

A weighted moving average method is used to forecast demand for a product. The assigned weights are 5 to the previous month's demand, 3 to demand two months ago, and 1 to demand three months ago. The...

Q:

I WILL UPVOTE! PLZ WRITE IN NEAT HANDWRITING THANK YOU

Q:

a. A weighted moving average method is used to forecast demand for a product. The assigned weights are 5 to the previous month's demand, 3 to demand two months ago, and 1 to demand three months ago....

Q:

A weighted moving average method is used to forecast demand for a product. The assigned weights are 5 to the previous month's demand, 3 to demand two months ago, and 1 to demand three months ago. The...

Q:

Suppose a three - period weighted moving average is being used to forecast demand. Weights are 0 . 5 , 0 . 4 , and 0 . 1 . There is no trend or seasonality in the data, and historic demand...

Q:

Suppose a three - period weighted moving average is being used to forecast demand. Weights are 0 . 5 , 0 . 4 , and 0 . 1 . There is no trend or seasonality in the data, and historic demand...

Q:

Suppose a four - period weighted moving average is being used to forecast demand. Weights are 0 . 4 , 0 . 3 , 0 . 2 , and 0 . 1 . There is no trend or seasonality in the data, and historic demand...

Q:

* 4.5 The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years...

Q:

* 4.5 The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years...

Q:

The actual demand for the patients at Omaha Emergency Medical Clinic for the first 6 weeks of this year follows: WEEK ACTUAL NO. OF PATIENTS 1 65 2. 62 3 70 4 48 5 63 6 52 Clinic administrator Marc...

Q:

A Low-Pass Filter. Figure 31.27 shows a low-pass filter (see Problem 31.49); the output voltage is taken across the capacitor in an L-R-C series circuit. Derive an expression for voutlvs, the ratio...

Q:

Which of the three methods would you recommend, and why?

Q:

On May 4 , Tint, a computer wholesaler, purchased 3 0 computers. This comprised Tint's entire inventory and was financed under an agreement with Dome Bank, which gave the bank a security interest in...

Q:

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...