**Forecast February by:****Arithmetic Average****Weighted moving average, weights are 8 and 2.**Which method is better based on MFE | PERIOD | Demand ||--------|--------|| Sept. | 60 || Oct. | 50 || Nov. | 60 || Dec. | 70 || Jan. | 60 || Feb. | ? |

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Answered: Forecast February by: Arithmetic…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Forecast February by: Arithmetic Average Weighted moving average, weights are 8 and 2. Which method is better based on MFE PERIOD Demand Sept. 60 Oct. 50 Nov. 60 Dec. 70 Jan. 60 Feb. ?