Question: 5. (**) Develop a two-period weighted moving average forecast for March 2006 through January 2007. Use weights of 0.6 and 0.4, with the most recent
5. (**) Develop a two-period weighted moving average forecast for March 2006 through January 2007. Use weights of 0.6 and 0.4, with the most recent observation weighted higher. Calculate the MFE and MAD values for March through December. 
MONTH DEMAND MONTH DEMAND January 2006 119 July 111 February 72 August 116 March 113 September 89 April 82 October 95 May 82 November 88 June 131 December 90
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
