Actual demand for a product for the past three months was:Three months agoTwo months ago400 units350 unitsLast month320 unitsa. Using a simple three-month moving average, make a forecast for this month. (Round your answer to the nearest whole number.)Forecast for this month357 unitsb. If 290 units were actually demanded this month, what would your forecast be for next month, again using a 3-month movingaverage? (Round your answer to the nearest whole number.)Forecast for the next monthunitsc. Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for threemonths ago was 450 units and the smoothing constant was 0.30? (Round your answer to the nearest whole number.)Forecast for this monthunits

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Actual demand for a product for the past three months was: Three months ago Two months ago 400 units 350 units 320 units Last month a. Using a simple three-month moving average, make a forecast for this month. (Round your answer to the nearest whol Forecast for this month 357 units ɔ. If 290 units were actually demanded this month, what would your forecast be for next month, again using a 3-month m average? (Round your answer to the nearest whole number.)

Actual demand for a product for the past three months was: Three months ago Two months ago 400 units 350 units 320 units Last month a. Using a simple three-month moving average, make a forecast for this month. (Round your answer to the nearest whol Forecast for this month 357 units ɔ. If 290 units were actually demanded this month, what would your forecast be for next month, again using a 3-month m average? (Round your answer to the nearest whole number.)

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

Actual demand for a product for the past three months was:
Three months ago
Two months ago
400 units
350 units
Last month
320 units
a. Using a simple three-month moving average, make a forecast for this month. (Round your answer to the nearest whole number.)
Forecast for this month
357 units
b. If 290 units were actually demanded this month, what would your forecast be for next month, again using a 3-month moving
average? (Round your answer to the nearest whole number.)
Forecast for the next month
units
c. Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for three
months ago was 450 units and the smoothing constant was 0.30? (Round your answer to the nearest whole number.)
Forecast for this month
units

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