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1. Historical demand for a product is Month Demand January 12 February 11 March 15 April 12 May 16 June 15 (a) Using a weighted
1. Historical demand for a product is
Month | Demand |
January | 12 |
February | 11 |
March | 15 |
April | 12 |
May | 16 |
June | 15 |
(a) Using a weighted moving average with weights of 0.60 for June, 0.30 for May, and 0.10 for April, find the July forecast.
(b) Using a simple three-month moving average, find the July forecast.
(c) Using exponential smoothing with a = 0.2 and a June forecast of 13, find the July forecast.
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