Question: Given the data below, develop a forecast for the following period using a three-period weighted moving average and weights of 0.5, 0.3 and 0.2. (2
Given the data below, develop a forecast for the following period using a three-period weighted moving average and weights of 0.5, 0.3 and 0.2. (2 Marks)
| Period | Demand |
| 1 | 19 |
| 2 | 20 |
| 3 | 18 |
| 4 | 19 |
| 5 | 17 |
| 17.2 | ||
| 18.2 | ||
| 17.8 | ||
| 18.8 |
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