Question: Topic 3 Book: Operations and Supply Chain Management Jacobs & Chase 14e 6. a.) Evaluate the forecasting model using 3 month moving average, and 3

Topic 3

Book: Operations and Supply Chain Management Jacobs & Chase 14e

6. a.) Evaluate the forecasting model using 3 month moving average, and 3 month moving weighted average, and exponential. The weights are .5 for the most recent demand, .25 for the other months. Alpha = .3. Use the weighted moving average for January Forecast.

b.) Calculate MAD and MAPE for each and compare. Which method is a better forecast and why?

Demand

Oct 300

Nov 360

Dec 425

Jan 405

Feb 430

Mar 505

Apr 550

May 490

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