Question: What is the forecast for May, June,, and July based on a 3-month weighted moving average applied to the following past demand data and using
What is the forecast for May, June,, and July based on a 3-month weighted moving average applied to the following past demand data and using the weights: 5,4, and 3 (greatest weights is to the most recent data point)? Use bottom of page to show computations for May through July for credit. You are working with months, so the weights are 5, 4, and 3 parts of 12. April's forecast was given as a guide.
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Month Demand Forecast Jan. 80 Feb. 83 March 87 April 93 83.91 May 97 June 99 July
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