Question: Amina's Cafe uses a weighted moving average method to forecast cake sales. It assigns a weight of 9 to the previous month's demand, 4 to

Amina's Cafe uses a weighted moving average

Amina's Cafe uses a weighted moving average method to forecast cake sales. It assigns a weight of 9 to the previous month's demand, 4 to demand two months ago, and 1 to demand three months ago. If sales amounted to 1,685 cakes in April, 1.931 cakes in May, 2,267 cakes in June, and 4,398 cakes in July, calculate the forecast for the month of August

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!