empty cells. Show solution. Month (Year 1) 1 Demand Two-month moving average (weights: 0.6 & 0.4) Exponential smoothing (a = 0.3) 4 4.00 2 6 3 4 5.2 4 5 5 6 10 8 7 7 8.8 8 6 6 12 10 14 11 15 12 14.6 4.00 4.59 7.48

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

am. 112.

A. Consider the following table for the demand of a product for a year. Forecast the demand in the following year. Fill in the
empty cells. Show solution.
Month
(Year 1)
Demand
1
4
2
6
Two-month moving average
(weights: 0.6 & 0.4)
3
4
5.2
4
5
5
10
6
8
7
7
8.8
8
9
9
12
10
14
11
11
15
12
14.6
Exponential smoothing
(a = 0.3)
4.00
4.00
4.59
7.48
Transcribed Image Text:A. Consider the following table for the demand of a product for a year. Forecast the demand in the following year. Fill in the empty cells. Show solution. Month (Year 1) Demand 1 4 2 6 Two-month moving average (weights: 0.6 & 0.4) 3 4 5.2 4 5 5 10 6 8 7 7 8.8 8 9 9 12 10 14 11 11 15 12 14.6 Exponential smoothing (a = 0.3) 4.00 4.00 4.59 7.48
Expert Solution
steps

Step by step

Solved in 4 steps with 7 images

Blurred answer
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