Question: Q1) Using a moving average with 3 periods, determine the demand for washing machines for next February. Q2) Using a weighted moving average with 3

Q1) Using a moving average with 3 periods, determine the demand for washing machines for next February. Q2) Using a weighted moving average with 3 periods, determine the demand for washing machines for February. Use 0.6, 0.3, and 0.1 for the weights of the most recent, second most recent, and third most recent periods, respectively. For example, if you were forecasting the demand for February, November would have a weight of 0.1, December would have a weight of 0.3, and January would have a weight of 0.6. Q3) Using MAD, determine which is the better forecast. Q4) What other factors might Armstrong consider in forecasting sales?
The sales data for washing machines for a multinational company is given below: - Q1) Using a moving average with 3 periods, determine the demand for washing machines for next February. Q2) Using a weighted moving average with 3 periods, determine the demand for washing machines for February. Use 0.6,0.3, and 0.1 for the weights of the most recent, second most recent, and third most recent periods, respectively. For example, if you were forecasting the demand for February, November would have a weight of 0.1, December would have a weight of 0.3, and January would have a weight of 0.6. Q3) Using MAD, determine which is the better forecast. Q4) What other factors might Armstrong consider in forecasting salesStep by Step Solution
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