Question: Problem 3 - 8 ( Algo ) Actual demand for a product for the past three months was: Three months ago 3 7 5 units
Problem Algo
Actual demand for a product for the past three months was:
Three months ago units
Two months ago units
Last month units
a Using a simple threemonth moving average, make a forecast for this month.
Note: Round your answer to the nearest whole number.
Forecast for this month
units
b If units were actually demanded this month, what would your forecast be for next month, again using a threemonth moving average?
Note: Round your answer to the nearest whole number.
Forecast for the next month
units
c Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for three months ago was units and the smoothing constant was
Note: Round your answer to the nearest whole number.
Forecast for this month
units
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