Question: Calculate the demand for slabs using the weighted moving average of 40% (0.40) for last week, 30% (0.30) for 2 weeks ago, 20% (0.20)
Calculate the demand for slabs using the weighted moving average of 40% (0.40) for last week, 30% (0.30) for 2 weeks ago, 20% (0.20) for 3 weeks ago and the 10% (0.10 ) for 4 weeks ago. 4 weeks Ago 3 weeks ago 2100 2000 2300 2200 Wednesday 2500 2300 MONDAY Tuesday 2 weeks ago 2500 2300 2200 Last week 2400 2100 2200 This week A B
Step by Step Solution
3.40 Rating (163 Votes )
There are 3 Steps involved in it
Answer To calculate the demand for slabs using the weighted moving average we need to multiply the demand for each week by its corresponding weight and then sum up the results Given the following data ... View full answer
Get step-by-step solutions from verified subject matter experts
