Question: Use the data set below to answer the questions that follow. ( Show your work for maximum credit ) Period Demand Sales Volume 1 1
Use the data set below to answer the questions that follow. Show your work for maximum credit
Period Demand Sales Volume
a Find the fourperiod simple moving average forecasts for Periods and
b Find the fourperiod weighted moving average forecasts for Periods and using weights of and from the earliest period to the latest period, respectively.
c Which set of forecasts is more accurate, the simple moving average forecasts or the weighted moving average forecasts? Why is that set of forecasts more accurate in this particular case?
d Will that type of forecast always be more accurate? Why or why not?
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