Actual demand for a product for the past three months was Three months ago Two months ago
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Actual demand for a product for the past three months was Three months ago Two months ago Last month 400 units 350 units 325 units
a. Using a simple three-month moving average, make a forecast for this month.
b. If 300 units were actually demanded this month, what would your forecast be for next month?
c. Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for three months ago was 450 units and the smoothing constant was 0.20?
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Related Book For 
Operations And Supply Management: The Core
ISBN: 9780073403335
2nd Edition
Authors: F. Robert Jacobs, Richard Chase
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