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.
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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).
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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.
- Find the forecast for month 6
- Find the forecast for month 7
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