Actual data (in $1,000) for last five months are provided below. What is the forecast for February,
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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 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 |
Posted Date: