Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

14 15 Q1 A product has a consistent year round demand. You are the planner and have been tasked with 16 experimenting with some time

image text in transcribed
14 15 Q1 A product has a consistent year round demand. You are the planner and have been tasked with 16 experimenting with some time series analysis. Using this previous weekly demand, calculate the 17 following forecasts for each period possible. A) Two - Period Simple moving average B) 3 Period 18 Weighted moving average using weights of .6, .3,.1, C) Four-period weighted moving average 19 with weights of .4,.3,.2,.1 and D) Exponential Smoothing forecast using an Alpha of .15 and a 20 Week 1 forecast of 2000 units. Round all forecasts to whole numbers. 21 22 Week Demand SMA WMA WMA EXP Sm .15 23 2240 2 Period .6, .3, .1 .4,.3,.2,.1 2000 24 2 2360 25 3 2208 26 4 2415 27 5 2395 28 6 2155 29 7 2190 30 8 2288 31 9 2390 32 10 2405 33 11 2305 34 12 2210

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Mathematics questions