Question: Using the actual demand shown in the table below, and a 3-month weighted moving average with weights 0.1, 0.4, 0.5 (the heaviest weight applied to
Using the actual demand shown in the table below, and a 3-month weighted moving average with weights 0.1, 0.4, 0.5 (the heaviest weight applied to the most recent period). Find the demand for May.
| Nov. | Dec. | Jan. | Feb. | Mar. | Apr. |
| 39 | 36 | 40 | 38 | 48 | 46 |
Given the following information, Find the forecast for period two using exponential smoothing and a = 0.3.
| Period | Demand | Forecast |
| 1 | 64 | 59 |
| 2 | 70 |
Given the following information, calculate the forecast (round to nearest whole number) for period three using exponential smoothing and a = 0.4.
| Period | Demand | Forecast |
| 1 | 64 | 59 |
| 2 | 70 |
|
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
