Given the following demand data, Period 1 2 3 4 5 Demand 44 42 44 42...

 

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Given the following demand data, Period 1 2 3 4 5 Demand 44 42 44 42 47 a. Compute a weighted average forecast using a weight of 0.4 for the most recent period, 0.3 for the next most recent, 0.2 for the next, and 0.1 for the next. (Round all your answers to two decimal points.) Forecast Period 5 Forecast Period 6 b. If the actual demand for period 6 is 44, forecast demand for period 7 using the same weights as in part a Forecast Period 7 Given the following demand data, Period 1 2 3 4 5 Demand 44 42 44 42 47 a. Compute a weighted average forecast using a weight of 0.4 for the most recent period, 0.3 for the next most recent, 0.2 for the next, and 0.1 for the next. (Round all your answers to two decimal points.) Forecast Period 5 Forecast Period 6 b. If the actual demand for period 6 is 44, forecast demand for period 7 using the same weights as in part a Forecast Period 7

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To compute the weighted average forecast well use the given weights for each period and multiply the... View the full answer