Historical demand for a product is DEMAND January 19 February 18 March 22 April 19 May 23

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Historical demand for a product is

	DEMAND
January	19
February	18
March	22
April	19
May	23
June	22

a. Using a weighted moving average with weights of 0.50 (June), 0.30 (May), and 0.20 (April), find the July forecast.

b. Using a simple three-month moving average, find the July forecast.

c. Using single exponential smoothing with alpha = 0.30 and a June forecast = 14, find the July forecast.

d. Using simple linear regression analysis, calculate the regression equation for the preceding demand data.

e. Using the regression equation in d, calculate the forecast for July.

Related Book For answer-question

Operations and Supply Chain Management

ISBN: 978-0078024023

14th edition

Authors: F. Robert Jacobs, Richard Chase

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Posted Date: Jun 16, 2020 12:16 PM

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Historical demand for a product is DEMAND January 19 February 18 March 22 April 19 May 23

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a Using a Moving Weighted average Weight of June 050 Weight of May 030 Weight of April 020 Cal... View the full answer

Operations and Supply Chain Management

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