Question: Demand data over 5 months is given below: Month Demand 1 45 2 50 3 48 4 52 5 50 Give your answers to three

Demand data over 5 months is given below:

Month Demand
1 45
2 50
3 48
4 52
5 50

Give your answers to three decimal places.

  1. Find the forecast for month 6 using 3-month weighted moving average. Use weights of 3, 4 and 7 (highest weight for the most recent value).

  2. Use trend adjusted exponential smoothing with alpha = 0.15, and beta = 0.2. Assume for month 4, forecast for stationary component is 49 and trend is 1.2.

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

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!