Question: Demand Forecasting By using the following data: Week Forecast Actual 1 150 160 2 155 162 3 160 158 4 158 160 5 ? Forecast

Demand Forecasting

By using the following data:

Week

Forecast

Actual

1

150

160

2

155

162

3

160

158

4

158

160

5

?

Forecast demand for the next period by using:

  1. Weighted 4 weeks average with the following weights:

Week 1: 20%

Week 2: 20%

Week 3: 25%

Week 4: 35%

  1. Two weeks moving average
  2. Single Exponential Smoothing

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