2. Using the same table above, compute the weighted moving average forecast for demand for four latest period. With data using a weight of .40 for the most recent, .30 for the next recent, .20 the next, and .10 for the oldest. Assume actual demand for period 6 is 44, what is the forecast for period 7?
2. Using the same table above, compute the weighted moving average forecast for demand for four latest period. With data using a weight of .40 for the most recent, .30 for the next recent, .20 the next, and .10 for the oldest. Assume actual demand for period 6 is 44, what is the forecast for period 7?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 28P: The file P13_28.xlsx contains monthly retail sales of U.S. liquor stores. a. Is seasonality present...
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![Period
1
2
3
4
5
6
7
Actual
42
41
39
43
45
F
?
?
2
2. Using the same table above, compute the weighted moving average
forecast for demand for four latest period. With data using a weight of .40
for the most recent, .30 for the next recent, .20 the next, and .10 for the
oldest. Assume actual demand for period 6 is 44, what is the forecast for
period 7?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb3dae036-f2ee-45df-abce-a84a1eab2b99%2Fd3b6bf62-8d57-48d4-85fe-2f6aee05a6c9%2Fjawok7_processed.png&w=3840&q=75)
Transcribed Image Text:Period
1
2
3
4
5
6
7
Actual
42
41
39
43
45
F
?
?
2
2. Using the same table above, compute the weighted moving average
forecast for demand for four latest period. With data using a weight of .40
for the most recent, .30 for the next recent, .20 the next, and .10 for the
oldest. Assume actual demand for period 6 is 44, what is the forecast for
period 7?
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