Question: Develop a two-period weighted moving average forecast for periods 12 through 15. Use weights of 0.8 and 0.2, with the most recent observation weighted higher.
Develop a two-period weighted moving average forecast for periods 12 through 15. Use weights of 0.8 and 0.2, with the most recent observation weighted higher.
| Period | Demand |
| 10 | 247 |
| 11 | 367 |
| 12 | 386 |
| 13 | 313 |
| 14 | 466 |
Calculate the forecasts for periods 1215 by using a two-period weighted moving average model (enter your responses rounded to the nearest whole number).
| Period | Demand | Forecast |
| 10 | 247 | |
| 11 | 367 | |
| 12 | 386 | (enter your response here) |
| 13 | 313 | (enter your response here) |
| 14 | 466. | (enter your response here) |
| 15. | (enter your response here) |
PLEASE ANSWER ALL:)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
