Question: Week 1 = 4 0 0 0 Week 2 = 6 0 0 0 Week 3 = 8 0 0 0 Week 4 = 1

Week 1=4000
Week 2=6000
Week 3=8000
Week 4=10000
Week 5=12000
Week 6= Predict using the weighted moving average forecast (0.4,0.3,0.3)
Last Period Forecast:
Ft+1=Dt
where Ft+1= forecast for the next period, t+1 and Dt= demand for the current period, t
Moving Average Forecast
Ft+1=i=1nDt+1-in
where Ft+1= forecast for the next period, t+1
and Dt+1-i= actual demand for the period, t+1-i
and n= number of most recent demand observations used in the forecast and Wt+1-i= weight assigned to the demand in perio d,t+1-i
10200
9800
8000
14000
10000
 Week 1=4000 Week 2=6000 Week 3=8000 Week 4=10000 Week 5=12000 Week

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 General Management Questions!