Determine the forecast for Year 4 for both products using either moving average, weighted average, or exponential smoothing, whichever method Monthly forecasts are needed for meeting demand Annual forecast is more for inventory planning The annual demand for inventory planning purposes for the products is an annual forecast for each product Your first task would be to determine the annual demand values for the two products You can assume you are at the end of Year 3 and you need to analyze the demand forecast inventory policy decisions for upcoming year 4 Product A JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YEAR 1 850 884 2089 1650 1194 197 807 853 467 1384 552 697 YEAR 2 900 1000 2200 1500 1200 200 900 900 500 1400 500 700 YEAR 3 900 1200 1800 1500 1100 300 1000 800 400 1300 550 670 Product B JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YEAR 1 3000 2800 2920 2100 2850 2800 2950 2800 2900 2900 2950 3200 YEAR 2 4000 2900 3000 3000 3000 3000 2700 2500 3200 3000 3000 2000 2000 YEAR 3 2500 3000 2700 3200 3000 2500 2600 2400 3300 3300 3500

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Question: Determine the forecast for Year 4 for both products using either moving average, weighted average, or exponential smoothing, whichever method. Monthly forecasts are needed for

Determine the forecast for Year 4 for both

Determine the forecast for Year 4 for both products using either moving average, weighted average, or exponential smoothing, whichever method.
Monthly forecasts are needed for meeting demand.
Annual forecast is more for inventory planning.
The annual demand for inventory planning purposes for the products is an annual forecast for each product.
Your first task would be to determine the annual demand values for the two products.
You can assume you are at the end of Year 3 and you need to analyze the demand forecast/inventory policy decisions for upcoming year 4.

Product A JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YEAR 1 850 884 2089 1650 1194 197 807 853 467 1384 552 697 YEAR 2 900 1000 2200 1500 1200 200 900 900 500 1400 500 700 YEAR 3 900 1200 1800 1500 1100 300 1000 800 400 1300 550 670 Product B JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YEAR 1 3000 2800 2920 2100 2850 2800 2950 2800 2900 2900 2950 3200 YEAR 2 4000 2900 3000 3000 3000 3000 2700 2500 3200 3000 3000 2000 2000 YEAR 3 2500 3000 2700 3200 3000 2500 2600 2400 3300 3300 3500

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