Question $21$

$5$ pts

Given the data below, conduct a naive forecast for week $7.$ Using the moving average forecast technique of a $4-$week period, provide a forecast for week $7.$ Assuming the weight of $0\mathrm{.}2,0\mathrm{.}2,0\mathrm{.}3,$ and $0\mathrm{.}3$ assigned to the data below, provide a forecast for week $7$ using the weighted moving average technique. Please show your work.

Hint: On the weighted moving average, if there are no specific weights assigned to the period, adopt the heavier weights to the most recent actual values.

$\backslash$table$[[$Period $($Week$),$Demand$],[1,57],[2,62],[3,58],[4,60],[5,60],[6,56]]$

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