Sales of hair dryers at the Walgreens stores in Youngstown, Ohio, over the past 4 months have
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Sales of hair dryers at the Walgreens stores in Youngstown, Ohio, over the past 4 months have been 100, 110, 120, and 130 units (with 130 being the most recent sales). Develop a moving-average forecast for next month, using these three techniques:
a) 3-month moving average.
b) 4-month moving average.
c) Weighted 4-month moving average with the most recent month weighted 4, the preceding month 3, then 2, and the oldest month weighted 1.
d) If next month’s sales turn out to be 140 units, forecast the following month’s sales (months) using a 4-month moving average.
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Related Book For
Operations Management Sustainability And Supply Chain Management
ISBN: 234357
12th Edition
Authors: CHUCK MUNSON & AMIT SACHAN AND . JAY HEIZER , BARRY RENDER
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