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.
-
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).
-
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.
- Find the forecast for month 6
- Find the forecast for month 7
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
