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15 e Question 1 Suppose we are using a 3-period unweighted moving average to forecast demand. Demand for the last 6 months was as
15 e Question 1 Suppose we are using a 3-period unweighted moving average to forecast demand. Demand for the last 6 months was as follows: Month April May June July August September What would the forecast for October be? (Round to 2 decimal places.) Demand 106 107 91 110 102 97 Question 2 Suppose we are using a 3-period weighted moving average to forecast demand. Demand for the last 6 months was as follows: Month April May Demand 91 91 June July 90 86 August 100 September 92 If we are using these weights ... 8 pts Time Elapsed: Attempt due: Feb 8 pts 1 Minute, 24 Question 2 Suppose we are using a 3-period weighted moving average to forecast demand. Demand for the last 6 months was as follows: Month April May June July August September If we are using these weights... t.1: 0.6 t.2: 0.3 t: 0.1 ... what would the forecast for October be? (Round to 2 decimal places.) Question 3 Demand 91 91 90 86 100 92 Suppose that our February forecast was for 94 units, and observed demand in February through June was as follows: Month February March April May Observed Demand 94 105 101 90 8 pts 8 pts Question 3 Suppose that our February forecast was for 94 units, and observed demand in February through June was as follows: Month February March April Observed Demand 94 105 101 May June 90 101 Further suppose we had been using exponential smoothing with a = 0.3 to forecast demand over this time period. If we continue with that approach, what will our forecast for July be? (Round to 2 decimal places.) Question 4 8 pts 8 pts Suppose we have observed a quarterly seasonal pattern with seasonal factors as follows: Q1: 1.3 Q2: 1.1 Q3: 0.4 Q4: 1.2 If our de-seasonalized demand for the upcoming quarter (which is the 3rd quarter of a given year) was for 596 units, what will our seasonalized forecast for that quarter be? (Round to 2 decimal places.) Question 5 Suppose over the last six months Forecasted Demand (FT) and Observed Demand (AT) was as follows: Forecast (FT) Observed (AT) 100 94 91 100 90 92 106 92 91 107 107 98 What was Mean Absolute Deviation? Round your answer to 2 decimal places. 8 pts
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