Question: What is the forecast for May based on a 3 mo. weighted moving average applied to the following past demand data and using the weights:

What is the forecast for May based on a 3 mo.

What is the forecast for May based on a 3 mo. weighted moving average applied to the following past demand data and using the weights: 4, 3, 2 (largest weight is for most recent data)? Then forecast the same data based on utilizing exponential smoothing with and alpha of .35, and an initial forecast of 35. Nov. Dec. Jan. Feb. Mar. April 37 36 40 42 47 43 a. What is the forecast for May using a weighted moving average forecast? [Select ] b. What is the MAD of the weighted moving average forecast? [Select] c. What is the forecast based on exponential smoothing? [Select] d. What is the MAD of the exponential smoothing forecast? [Select] e. What forecasting method would you choose? [ Select ]

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!

What is the forecast for May based on a 3 month weighted moving average applied to the following past demand data and using the weights: 8, 6, 3 (largest weight is for most recent data)? Then...

A manufacturer is developing a facility plan to provide production capacity for its factory. The amount of capacity required in the future depends on the number of products demanded by its customers....

Suppose a company needs to forecast the demand for its key component for June based on the 3 - period weighted moving average. The following past demand data is available, and the company uses...

What is the forecast for July based on a three month weighted moving average applied to the above past demand data and using the weights 5 / 1 0 3 / 1 0 and 2 / 1 0 largest weight is for most recent...

What is the forecast for March based on a 4 month weighted moving average applied to the following past demand data and using the weights: 0.4, 0.3, 0.2, and 0.1? The largest weight is for the most...

7. QI (15 pts): a) Calculate four forecasts using the following data (table 1); First, for periods 4 through 7, develop the exponentially smoothed forecasts using a forecast for period 3 (F3) of...

Calculate three forecasts using the following data. For periods 4 through 10, develop the exponentially smoothed forecasts using a forecast for period 3 ( F 3) of 72.0 and an alpha of 0.4. Calculate...

Calculate the following forecasts using the data below. For periods 4 through 10, develop the exponentially smoothed forecasts using a forecast for period 3 ( F 3) of 45.0 and an alpha of 0.4....

Tosca Industries Inc. has an annual plant capacity of 400,000 units, and current production is 320,000 units. Monthly fixed costs are $680,000, and variable costs are $29 per unit. The present...

John Bogut just received a signing bonus of $902,900. His plan is to invest this payment in a fund that will earn 9%, compounded annually. If Bogut plans to establish the AB Foundation once the fund...

The 2 0 2 2 Modernization of Cosmetic Regulation Act ( MoCRA ) does not provide enhanced statutory authority for which of the following: Group of answer choices Premarket Notification ( PMN )...

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...