Question: Operation Management, Introduction to Operation management 1)Forecasting 3 4 5 6 8 9 Period Month Sales 1 Jan 519 2 Feb 527 Mar 505 Apr

Operation Management, Introduction to Operation management

1)Forecasting

Operation Management, Introduction to Operation

3 4 5 6 8 9 Period Month Sales 1 Jan 519 2 Feb 527 Mar 505 Apr 510 May 517 Jun 509 7 Jul 521 Aug 515 Sep 516 10 Oct 523 11 Nov ? 540 520 500 480 460 440 Jan Feb Mr Apr Mai Jun Jul Aug Sep Okt Nov Calculate the forecast for November using: The moving average method (with different n periods prior to t). The single exponential smoothing (with alpha [smoothing parameter) between 0.1-0.3 and the forecast for October was 516)

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