The following table shows the actual demand observed over the last 11 years: Year 1 2 3 4 6. 7 8 10 11 Demand 7 10 4 7 11 8. 12 12 8. 13 8. This exercise contains only parts b, c, and d. b) Using the 3-year moving average, provide the forecast from periods 4 through 12 (round your responses to one decimal place). Year 4 7 10 11 12 Forecast 7 7 7.3 8.6 10.3 10.7 10.7 11 9.6 c) Using the 3-year weighted moving average with weights 0.20, 0.35, and 0.45, using 0.45 for the most recent period, provide the forecast from periods 4 through 12 (round your responses to two decimal places). Year 4 6. 7 10 11 12 Forecast

Practical Management Science
6th Edition
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Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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The following table shows the actual demand observed over the last 11 years:
Year
1
2
3
4
6.
7
8
10
11
Demand
7
10
4
7
11
8.
12
12
8.
13
8.
This exercise contains only parts b, c, and d.
b) Using the 3-year moving average, provide the forecast from periods 4 through 12 (round your responses to one decimal place).
Year
4
7
10
11
12
Forecast
7
7
7.3
8.6
10.3
10.7
10.7
11
9.6
c) Using the 3-year weighted moving average with weights 0.20, 0.35, and 0.45, using 0.45 for the most recent period, provide the forecast from periods 4 through 12
(round your responses to two decimal places).
Year
4
6.
7
10
11
12
Forecast
Transcribed Image Text:The following table shows the actual demand observed over the last 11 years: Year 1 2 3 4 6. 7 8 10 11 Demand 7 10 4 7 11 8. 12 12 8. 13 8. This exercise contains only parts b, c, and d. b) Using the 3-year moving average, provide the forecast from periods 4 through 12 (round your responses to one decimal place). Year 4 7 10 11 12 Forecast 7 7 7.3 8.6 10.3 10.7 10.7 11 9.6 c) Using the 3-year weighted moving average with weights 0.20, 0.35, and 0.45, using 0.45 for the most recent period, provide the forecast from periods 4 through 12 (round your responses to two decimal places). Year 4 6. 7 10 11 12 Forecast
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