Question: Demand data over 5 months is given below: Month Demand 1 48 2 48 3 53 4 56 5 55 Give your answers to three

Demand data over 5 months is given below:

Month Demand
1 48
2 48
3 53
4 56
5

55

Give your answers to three decimal places.

  1. Find the forecast for month 6 using 3-month weighted moving average. Use weights of 1, 3 and 5 (highest weight for the most recent value).

  2. Use trend adjusted exponential smoothing with alpha = 0.1, and beta = 0.15. Assume for month 4, forecast for stationary component is 52 and trend is 2.4.

    1. Find the forecast for month 6
    2. Find the forecast for month 7

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