Question: Actual data (in $1,000) for last five months are provided below. What is the forecast for February, using a four-period weighted moving average with weights

Actual data (in $1,000) for last five months are provided below. What is the forecast for February, using a four-period weighted moving average with weights of 0.1, 0.2, 0.3 and 0.4 (greater weight towards more recent time)?

Month Demand ($1,000)
Sep 30
Oct 28
Nov 39
Dec 45
Jan 33

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!