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If actual recent demand was 41.5, using the focus forecasting approach, the forecast technique to use for next period is __ The technique and its forecast are as follows: Weighted moving average          40 Moving average                           43 Exponential smoothing                41   2. LMN Company actual sales for january was 1588 units, but was forecast at 1599. The forecast error is __ units.   3. The 4-period moving average forecast for period 6 is __ Period    Demand

If actual recent demand was 41.5, using the focus forecasting approach, the forecast technique to use for next period is __ The technique and its forecast are as follows: Weighted moving average          40 Moving average                           43 Exponential smoothing                41   2. LMN Company actual sales for january was 1588 units, but was forecast at 1599. The forecast error is __ units.   3. The 4-period moving average forecast for period 6 is __ Period    Demand

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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1. If actual recent demand was 41.5, using the focus forecasting approach, the forecast technique to use for next period is __

The technique and its forecast are as follows:

Weighted moving average          40
Moving average                           43
Exponential smoothing                41

 

2. LMN Company actual sales for january was 1588 units, but was forecast at 1599. The forecast error is __ units.

 

3. The 4-period moving average forecast for period 6 is __

Period    Demand
1                 40
2                 40
3                 43
4                 41
5                 42

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