Not all the items in your offi ce supply store are evenly distributed as far as demand
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Not all the items in your offi ce supply store are evenly distributed as far as demand is concerned, so you decide to forecast demand to help plan your stock. Past data for legal-sized yellow tablets for the month of August are Week 1 Week 2 300 400 Week 3 Week 4 600 700
a. Using a three-week moving average, what would you forecast the next week to be?
b. Using exponential smoothing with ␣ 0.20, if the exponential forecast for week 3 was estimated as the average of the fi rst two weeks [(300 400)兾2 350], what would you forecast week 5 to be?
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Diane Joyce Pastorin
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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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