Question: Part A) What is the approximate forecast for May using a four-month moving average? (Round off to the nearest whole number) Nov. Dec. Jan. Feb.
Part A) What is the approximate forecast for May using a four-month moving average? (Round off to the nearest whole number)
| Nov. | Dec. | Jan. | Feb. | Mar. | April |
| 39 | 36 | 31 | 42 | 48 | 49 |
Part B) What is the approximate forecast for May using a two-month weighted moving average? Use 4 and 2 for the weights of the most recent and the earlier months, respectively. (Round off to the nearest whole number)
| Nov. | Dec. | Jan. | Feb. | Mar. | April |
| 39 | 36 | 44 | 42 | 48 | 41 |
Part C) Given an actual demand of 105, a previous demand forecast value of 100, and an alpha of 0.7, the exponential smoothing forecast for the next period would be (Round it to the nearest whole number)
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