OQ3 Week Actual Forecast1 26.7 31.9225.0 32.3351.9 63.4456.774.5566.769.884.589.791.999.2891.594.69 104.1 115.610 123.2 141.067You are given the demand and forecast history for Apple iPhone 12. According to this,what is the 3-period weighted moving average forecast for Week 11 with weights 1,2,3?(Use the first weight for the oldest (the least relevant) demand value. Do not roundintermediate calculations. Round your final answers to two decimal places. Hint: Ifweights do not add up to 1, they need to be normalized with the sum of the weights,which is 6 in this case. For example: weight 1 becomes -0.167(@orsdemir, Copyrightedcontent. Cannot be posted)

Here, I have been given the actual demand and forecasted demand for each week, I would apply the…

Answered: You are given the demand and forecast…

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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You are given the demand and forecast history for Apple iPhone 12. According to this, what is the 3-period weighted moving average forecast for Week 11 with weights 1,2,3? (Use the first weight for the oldest (the least relevant) demand value. Do not round