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Given the following demand data, Period Demand 1 44 2 42 3 44 4 42 5 47 a. Compute a weighted average forecast using a weight of 0.4 for the most recent period, 0.3 for the next most recent, 0.2 for the next, and 0.1 for the next. (Round all your answers to two decimal points.) Forecast Period 5 Forecast Period 6 b. If the actual demand for perlod 6 Is 44, forecast demand for period 7 using the same weights as in part a. Forecast Period 7

Given the following demand data, Period Demand 1 44 2 42 3 44 4 42 5 47 a. Compute a weighted average forecast using a weight of 0.4 for the most recent period, 0.3 for the next most recent, 0.2 for the next, and 0.1 for the next. (Round all your answers to two decimal points.) Forecast Period 5 Forecast Period 6 b. If the actual demand for perlod 6 Is 44, forecast demand for period 7 using the same weights as in part a. Forecast Period 7

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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please answer all parts of the question within 30 minutes with detailed explanation. Make sure calculation form part of the answer and are in details for better understanding. If calculations are not shown or are poorly done i will surely give negative ratings.
Given the following demand data, Period Demand 1 44 2 42 3 44 4 42 5 47 a. Compute a weighted average forecast using a weight of 0.4 for the most recent period, 0.3 for the next most recent, 0.2 for the next, and 0.1 for the next. (Round all your answers to two decimal points.) Forecast Period 5 Forecast Period 6 b. If the actual demand for period 6 is 44, forecast demand for period 7 using the same weights as in part a. Forecast Period 7
Transcribed Image Text:Given the following demand data, Period Demand 1 44 2 42 3 44 4 42 5 47 a. Compute a weighted average forecast using a weight of 0.4 for the most recent period, 0.3 for the next most recent, 0.2 for the next, and 0.1 for the next. (Round all your answers to two decimal points.) Forecast Period 5 Forecast Period 6 b. If the actual demand for period 6 is 44, forecast demand for period 7 using the same weights as in part a. Forecast Period 7
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