a) What is the last-value forecast for the next period? b) What is the moving-average forecast for
Question:
b) What is the moving-average forecast for the next period based on the last three periods?
c) What is the exponential smoothing forecast for the next period based on an Alfa of 0.7.
Refer to the following data:
Period _________Demand ___________Forecast
1 .......................... 58......................59
2 .......................... 62 ......................61
3 .......................... 61 ......................63
4 .......................... 63 ..................... 65
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a Last value forecast simply means that we use the last obser...View the full answer
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Related Book For 
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
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