16 Assume that your stock of sales merchandise is maintained based on the forecast demand. If the...
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16 Assume that your stock of sales merchandise is maintained based on the forecast demand. If the distributor's sales personnel call on the first day of each month, compute your forecast sales by each of the three methods requested here.
a. Using a simple three-month moving average, what is the forecast for September?
b. Using a weighted moving average, what is the forecast for September with weights of .20, 30, and .50 for June, July, and August, respectively?
c. Using single exponential smoothing and assuming that the forecast for June had been 130, forecast sales for September with a smoothing constant alpha of .30.
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Operations Management For Competitive Advantage
ISBN: 1572
11th Edition
Authors: Richard B. Chase, F. Robert Jacobs
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