Suppose that you use a weighted moving average forecasting method with weights of 12, 30, and 20,
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Suppose that you use a weighted moving average forecasting method with weights of 12, 30, and 20, for one period ago, two periods ago, and three periods ago, respectively. If January’s demand was 100 units, February’s demand was 150 units, March’s demand was 200 units, and April’s demand was 300 units, what should be the forecast for May?
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Managerial Decision Modeling Business Analytics With Spreadsheet
ISBN: 9781501515101
4th Edition
Authors: Nagraj Balakrishnan, Barry Render, Ralph Stair, Charles Munson
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