(a) Plot the above data on a graph. Do you observe any trend, cycles, or random variations?...

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(a) Plot the above data on a graph. Do you observe any trend, cycles, or random variations?
(a) Plot the above data on a graph. Do you

(b) Starting in year 4 and going to year 12, forecast demand using a 3-year moving average. Plot your forecast on the same graph as the original data.
(c) Starting in year 4 and going to year 12, forecast demand using a 3-year moving average with weights of .1, .3, and .6, using .6 for the most recent year. Plot this forecast on the same graph.
(d) As you compare forecasts with the original data, which seems to give the betterresults?

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Operations management

ISBN: 978-0132163927

10th edition

Authors: Jay Heizer, Barry Render

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