Question: Year 1: Demand 51 Year 2: Demand 50 Year 3: Demand 54 Year 4: Demand 55 Year 5 : Demand 58 Begin error measurent in
Year 1: Demand 51
Year 2: Demand 50
Year 3: Demand 54
Year 4: Demand 55
Year 5 : Demand 58
Begin error measurent in year 3.
1.use exponential smothing 0.6 and 0.9, let initial forecast for year 1 be 51 same as the actual demand.
2. 2 year moving average
3. two year weighted moving average using weights 0.6 and 0.4 with more recent data given more weight
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