Question: Based on the following data for the past 10 months, the operation manager of the company wants to be certain that enough cars are available
Based on the following data for the past 10 months, the operation manager of the company wants to be certain that enough cars are available to deliver orders.
| Month | Jan. | Feb. | Mar. | Apr. | May. | Jun. | Jul. | Aug. | Sep. | Oct. |
| Orders | 120 | 90 | 100 | 75 | 110 | 50 | 75 | 130 | 110 | 90 |
- Compute the demand forecast for Apr. through Oct using a three month weighted moving average. Use weights of 0.5, 0.17.and 0.33, with the heavier weights on the more recent months.
- Compute the demand forecast forApr. through Oct using a three month weighted moving average. Use three month moving average
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
