a) Forecast the demand for Period 8 using a three-period weighted moving average with weights 5, 4, and 1, applying 5 to the most recent data and 1 to the oldest data.
a) Forecast the demand for Period 8 using a three-period weighted moving average with weights 5, 4, and 1, applying 5 to the most recent data and 1 to the oldest data.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Consider the time series below. Complete parts a and b below.
Period
1
4
5
Demand
12
15
18
2
3
14 9
...
6 70
14
8
a) Forecast the demand for Period 8 using a three-period weighted
moving average with weights 5, 4, and 1, applying 5 to the most
recent data and 1 to the oldest data.
The forecasted demand for Period 8 is
(Type an integer or a decimal. Do not round.)
4
5
6
7
8
9
10
11
12
13
45
LO
14 Week
TP
15
16
17
18
19
DEN3456
20
21
22
23
24
25
26
3
4
5
6
7
8
9
1
2
3
4
5
сл
6
7
8
Sold
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