Question: Given the following demand data, Period Demand 1 5 7 2 5 5 3 5 9 4 5 6 5 6 0 a . Compute
Given the following demand data,
Period Demand
a Compute a weighted average forecast using a weight of for the most recent period, for the next most recent, for the next, and for the next. Round all your answers to two decimal points.
b If the actual demand for period is forecast demand for period using the same weights as in part a
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