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.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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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
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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