The demand for a product of a company in each of the last twelve months is shown in the table below; Jan Feb Oct Nov Apr May Jun 50 Month Mar Jul Aug Sep Dec Jan Demand 37 40 41 37 45 43 47 56 52 55 54 Use the table to compute the following forecast demand for the company; a. Four months simple moving average b. Four months weighted moving average using the weight of 40%, 30% and 20% and 10%respectively.
The demand for a product of a company in each of the last twelve months is shown in the table below; Jan Feb Oct Nov Apr May Jun 50 Month Mar Jul Aug Sep Dec Jan Demand 37 40 41 37 45 43 47 56 52 55 54 Use the table to compute the following forecast demand for the company; a. Four months simple moving average b. Four months weighted moving average using the weight of 40%, 30% and 20% and 10%respectively.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...
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