Historical demand for a product is as follows: DEMAND April 60 May 55 June 75 July 60
Question:
Historical demand for a product is as follows:
DEMAND April 60 May 55 June 75 July 60 August 80 September 75
a. Using a simple four-month moving average, calculate a forecast for October.
b. Using single exponential smoothing with α = 0.2 and a September forecast = 65, calculate a forecast for October.
c. Using simple linear regression, calculate the trend line for the historical data. Say the X axis is April = 1, May = 2, and so on, while the Y axis is demand.
d. Calculate a forecast for October.
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Related Book For 
Operations And Supply Chain Management The Core Plus
ISBN: 9780073278292
1st Edition
Authors: F. Robert Jacobs , Richard Chase
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