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The following table shows the actual demand observed over the last 11 years: Year Demand 1 8 2 10 3 6 Year Forecast Year 4 5 6 Forecast 8 7.7 8.7 4 7 4 5 5 13 6 6 7 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). 7 9 7 7 12 8 13 c) Using the 3-year weighted moving average with weights 0.15, 0.30, and 0.55, using 0.55 for the most recent period, provide the forecast from periods 4 through 12 (round your responses to two decimal places). 8 8 9 10 11 10.7 10.7 11.3 11 9 9 9 10 10 11 11 12 9.3 11 8 12

The following table shows the actual demand observed over the last 11 years: Year Demand 1 8 2 10 3 6 Year Forecast Year 4 5 6 Forecast 8 7.7 8.7 4 7 4 5 5 13 6 6 7 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). 7 9 7 7 12 8 13 c) Using the 3-year weighted moving average with weights 0.15, 0.30, and 0.55, using 0.55 for the most recent period, provide the forecast from periods 4 through 12 (round your responses to two decimal places). 8 8 9 10 11 10.7 10.7 11.3 11 9 9 9 10 10 11 11 12 9.3 11 8 12

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 Demand 1 8 2 10 Year 4 Forecast 8 3 6 Year Forecast 4 7 5 6 7.7 8.7 5 5 13 6 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). 7 9 6 7 7 7 12 8 13 c) Using the 3-year weighted moving average with weights 0.15, 0.30, and 0.55, using 0.55 for the most recent period, provide the forecast from periods 4 through 12 (round your responses to two decimal places). 4 8 9 9 8 9 10 11 12 10.7 10.7 11.3 11 9.3 9 10 11 10 11 11 8 12
Transcribed Image Text:The following table shows the actual demand observed over the last 11 years: Year Demand 1 8 2 10 Year 4 Forecast 8 3 6 Year Forecast 4 7 5 6 7.7 8.7 5 5 13 6 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). 7 9 6 7 7 7 12 8 13 c) Using the 3-year weighted moving average with weights 0.15, 0.30, and 0.55, using 0.55 for the most recent period, provide the forecast from periods 4 through 12 (round your responses to two decimal places). 4 8 9 9 8 9 10 11 12 10.7 10.7 11.3 11 9.3 9 10 11 10 11 11 8 12
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