Question: Suppose a four - period weighted average is being used to forecast demand. Weights for the periods are as follows: wt - 4 = 0

Suppose a four-period weighted average is being used to forecast demand. Weights for the periods are as follows: wt-4=0.1, wt-3=0.2, wt-2=0.3 and wt-1=0.4. Demand observed in the previous four periods was as follows: At-4=380, At-3=410, At-2=390, and At-1=400. What will be the demand forecast for period t?
Multiple Choice
399
403
397
402
393

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!