Develop a forecast  of  enrolment beginning 2014 to 2021  using 3-years moving average forecast model.  b) Using weights of .50 for the most recent data, .30 to the second recent data, and .20 to the 3 months old data, develop a forecast beginning 2014 to 2021 using 3 years weighted moving average forecast model.

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Q: Using a 3 period moving average, what is the forecast for day 8?

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A: The pattern is regarded as the predictive method to decide on the company.

Q: 1.    Food trucks have become a common sight on American campuses.  They serve scores of hungry…

A: 3-period moving average forecast =At-1+At-2+At-33 Exponential smoothing forecast, Ft+1 = αAt+(1-α)Ft…

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A: Multiplicative seasonal method is a model of forecasting technique that using in seasonal adjusted…

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Q: Answer the following:  1. Suppose that the demand in period 1 was 7 units and the demand in period 2…

A: all of the answer is in the explanationExplanation:1. given: α=0.2Ft+1= α (At) + (1-α)Ft= 0.2 (At) +…

Q: Given the following demand data, Period Demand 57 1 2 55 3 59 4 56 5 60 a. Compute a weighted…

A: Forecasting is the process of estimation in which future demand is determined using the previous and…

Q: Given current demand in this period of 103, a forecast for this current period of 99, and an alpha…

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A: Forecasting is the process of predicting the future demand based on the previous data and demand.

Q: for the 8th week using weights of 3, 2, and 1 (where the most recent week receives the highest…

A: THE ANSWER IS AS BELOW:

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Q: ) Based on Table 1, calculate forecast volume using and 5 periods-moving average. b) Based on Table…

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A:

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A: Formulae used:  Exponential smoothing: Ft=α(At-1) + (1-α)Ft-1Where: Ft-1=forecast for the previous…

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A: Forecast is an estimation of future data considering the historical behavior of the data. Forecast…

Q: a. Forecast the sales for the month of July using a 3-week moving average b. Forecast the sales for…

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A: Given that:Initial Forecast = 20Remember the formula for calculating Forecast =Error = Demand -…

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A: Given that: Month Actual Demand 1 14 2 17 3 20 4 21 5 25

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Q: Question 2 Differentiate between independent and dependent variable in forecasting The last seven…

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A: Forecasting means predicting in advance the future sales.

Q: please do ii. and explain and breakdown workings.

A: Forecast for:Period 4= 44.2Period 5=47Period 6=48.2Period 7=52.4Period 8=48.6Period 9=49.8Period…

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A: NOTE: We are only allowed to do one question at a time.  Perioddaily…

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A: From the given data, Let F3 = forecast value for third week of june       Y2= 6        F2=4.7…

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Forecasting in Business

Forecasting is the process of predicting the future based on the past and the present data and circumstances. In other words, forecasting is the act of making a detailed analysis of future events based on the decisions made in the past as well as the present. Forecasting plays a very important role in operational management as it helps in planning and decision-making. It is not only important for the success of a business but also contributes to individual growth and success. Many business organizations or companies have failed due to the shortcomings of their forecasting.