Question: DEMAND FORCASTING - WEIGHTED MOVING AVERAGE Popeye's Chicken has found that in a four-month period, the best forecast methodology to use for its Ghost Pepper
DEMAND FORCASTING - WEIGHTED MOVING AVERAGE Popeye's Chicken has found that in a four-month period, the best forecast methodology to use for its Ghost Pepper Wings, is reached by using 40% of the actual sales for the most recent month, 30% of two months ago, 20% of sales three months ago, and 10% of actual sales four months ago. Find the forecast for the fifth and sixth month, considering the actual sales is given to us. Month 1 100 Month 2 = 125 Month 3 = 205 Month 4 = 500 Forecast for month 5 = Forecast for month 6 = DEMAND FORECASTING SIMPLE MOVING AVERAGE Jim N Nick's bar-b-que Joint just opened a new store in Warner Robins, and they are trying to figure out how to forecast the number of chicken breasts to keep on hand. They decided to use the Simple Moving Average to help them, since this is a new store in a new location. The usage of the chicken breasts were observed for 7 works
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