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 | |||||
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