Question: Using the data set below, what would be the forecast for period 5 using a four period weighted moving average? The weights for each period

Using the data set below, what would be the forecast for period 5 using a four period weighted moving average? The weights for each period are 0.05, 0.15, 0.30, and 0.50 from the oldest period to the most recent period, respectively. (Choose the closest answer.)

Show work if possible.

The choices are

  1. 12660
  2. 13190
  3. 14030
  4. 15220

Period

Actual Demand

1

10000

2

12400

3

13250

4

14750

5

15220

6

18500

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 Mathematics Questions!