Question: l want solution Effat University OSCM 302 Practice#3 Forecasting Problem # 2 Calculate June's forecast using each of the following: a. Naive Approach. b. A
Effat University OSCM 302 Practice\#3 Forecasting Problem \# 2 Calculate June's forecast using each of the following: a. Naive Approach. b. A weighted average using weights of 0.40 for the most recent, 0.30 for the next most recent, 0.20 for the next and 0.10 for the next. c. Exponential smoothing constant with alpha =0.40, if May's forecast was 59.2. d. A three-month moving average. e. If the actual demand for June is 62 , forecast the demand for July using the threemonth moving average. a. June =64 b. June Forecast =(0.464)+(0.358)+(0.255)+(0.156)= c. June =59.2+(0.4)(6459.2)= d. (55+58+64)/3= e. (62+58+64)/3=
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
