The following table shows the actual demand observed over the last 11 years: Year 1 2 3 4 5 6 7 8 9 10 11 Demand 6 8 4 10 11 9 12 12 8 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). Year 4 5 6 7 8 9 10 11 12 Forecast 66 7.337.33 8.338.33 1010 10.6610.66 1111 10.6610.66 1111 99 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).
The following table shows the actual demand observed over the last 11 years: Year 1 2 3 4 5 6 7 8 9 10 11 Demand 6 8 4 10 11 9 12 12 8 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). Year 4 5 6 7 8 9 10 11 12 Forecast 66 7.337.33 8.338.33 1010 10.6610.66 1111 10.6610.66 1111 99 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).
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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Question
The following table shows the actual demand observed over the last 11 years:
|
Year
|
1
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
11
|
|
Demand
|
6
|
8
|
4
|
10
|
11
|
9
|
12
|
12
|
8
|
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).
|
Year
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
11
|
12
|
|
Forecast
|
66
|
7.337.33
|
8.338.33
|
1010
|
10.6610.66
|
1111
|
10.6610.66
|
1111
|
99
|
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).Expert Solution
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