Question: I need help on part C Actual demand for a product for the past three months was a. Using a simple three-month moving average, make

I need help on part C
I need help on part C Actual demand for a product for

Actual demand for a product for the past three months was a. Using a simple three-month moving average, make a forecast for this month. Note: Round your answer to the nearest whole number. b. If 290 units were actually demanded this month, what would your forecast be for next month, again using a 3 -month moving average? Note: Round your answer to the nearest whole number. c. Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for three months ago was 440 units and the smoothing constant was 0.20 ? Note: Round your answer to the nearest whole number. Actual demand for a product for the past three months was a. Using a simple three-month moving average, make a forecast for this month. Note: Round your answer to the nearest whole number. b. If 290 units were actually demanded this month, what would your forecast be for next month, again using a 3 -month moving average? Note: Round your answer to the nearest whole number. c. Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for three months ago was 440 units and the smoothing constant was 0.20 ? Note: Round your answer to the nearest whole number

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!