Question: NOTE: Show and use excel formulas for each and all calculations and round to two decimals Q 1 Use the Historical demand data below to

NOTE: Show and use excel formulas for each and all calculations and round to two decimals
Q 1 Use the Historical demand data below to calculate THREE forecasts. (3 marks)
a) 2 Period Simple moving average
b) 3 Period Weighted moving average using weights of .5, .35, .15
c) Exponential Smoothing forecast using an Alpha of .4. and a Week 3 forecast of 579 units.
Week Demand 2 Period SMA WMA .5,.35,.15 EXP SM a = .4
1 453
2 417
3 613 579
4 605
5 542
6 480
7 545
8 495
9 590

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!