The 10-year historical demand data for a part is presented as follows: Determine the forecast for year
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The 10-year historical demand data for a part is presented as follows:
Determine the forecast for year 11 using the following forecasting approaches:
a. Simple average
b. Simple 4-period moving average
c. Weighted 4-period moving average with: \(\alpha_{1}=0.4, \alpha_{2}=0.3, \alpha_{3}=0.2, \alpha_{4}=0.1\)
d. Exponentially weighted moving average with \(\alpha=0.75\)
e. Regression model
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Related Book For 
Project Management Systems Principles And Applications
ISBN: 272859
2nd Edition
Authors: Adedeji B. Badiru
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