Question: For problems 1 through 3, use the following time series data: PERIOD DEMAND 10 248 11 370 12 424 13 286 14 444 1.) (*)
For problems 1 through 3, use the following time series data:
PERIOD DEMAND 10 248 11 370 12 424 13 286 14 444 1.) (*) Develop a three-period moving average forecast for periods 1315.
2.) (*) Develop a two-period weighted moving average forecast for periods 12 through 15. Use weights of 0.7 and 0.3, with the most recent observation weighted higher.
3.) (*) Develop an exponential smoothing forecast (=0.25 ) for periods 11 through 15. Assume that your forecast for period 10 was 252.
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