Question: Using the moving average technique with an n = 3 forecast the demand for quarters 21 through 24 using the values below for weeks 1
Using the moving average technique with an n = 3 forecast the demand for quarters 21 through 24 using the values below for weeks 1 through 20.
24
19
18
8
21
24
13
22
12
21
23
15
12
19
21
23
14
19
20
13
(a) with the same values as in the first question, determine the forecast for week 21 using Weighted Moving Average with the weights equal to 50% on the most recent, then 30%, and the third most recent 20%
(b) Using the same values from the problems above, determine the week 21 forecast using linear regression (be sure to re-solve).
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