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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

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
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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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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