a.   Using a weighted moving average with weights of 0.60, 0.30, and 0.10, find the July forecast. b.   Using a simple 3-month moving average, find the July forecast. c.   Using single exponential smoothing with α = 0.2 and a June forecast ≈ 13, find the July forecast. Make whatever assumptions you wish. d.   Using simple linear regression analysis, calculate the regression equation for the demand data. e.   Using the regression equation in d, calculate the forecast for July.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

 

 

 

 

a.   Using a weighted moving average with weights of 0.60, 0.30, and 0.10, find the July forecast.

b.   Using a simple 3-month moving average, find the July forecast.

c.   Using single exponential smoothing with α = 0.2 and a June forecast ≈ 13, find the July forecast. Make whatever assumptions you wish.

d.   Using simple linear regression analysis, calculate the regression equation for the demand data.

e.   Using the regression equation in d, calculate the forecast for July.

2. Historical demand for a product is
January
February
March
April
May
June
Demand
12
11
15
12
16
15
Transcribed Image Text:2. Historical demand for a product is January February March April May June Demand 12 11 15 12 16 15
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 6 steps with 7 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman