Weekly demand for dry pasta at a supermarket chain is as follows. Week Demands 1 517 2 510 3 557 4 498 5 498 6 444 7 526 8 441 9 541 10 445 a. Forecast the demand for week 11 by using five-period moving average. b. Calculate the same using weighted average methods with weights are 0.3, 0.2, 0.2, 0.1 and 0.2 with start assigning weights to the most recent data
Weekly demand for dry pasta at a supermarket chain is as follows. Week Demands 1 517 2 510 3 557 4 498 5 498 6 444 7 526 8 441 9 541 10 445 a. Forecast the demand for week 11 by using five-period moving average. b. Calculate the same using weighted average methods with weights are 0.3, 0.2, 0.2, 0.1 and 0.2 with start assigning weights to the most recent data
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.6: Moving Averages Models
Problem 22P: The file P13_22.xlsx contains total monthly U.S. retail sales data. While holding out the final six...
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Weekly demand for dry pasta at a supermarket chain is as follows.
Week Demands
1 517
2 510
3 557
4 498
5 498
6 444
7 526
8 441
9 541
10 445
a.
b. Calculate the same using weighted average methods with weights are 0.3, 0.2, 0.2, 0.1 and 0.2 with start assigning weights to the most recent data
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