CLO1- Demonstrate advanced knowledge of operations and supply chain management and its contribution to organization's performance.
	Chapter 4: Forecasting [Page 137 of test book]
Problem: Determining Forecast based on methods given below
		('000)
	Month	Actual Sales
	Jan	55
	Feb	60
	Mar	70
	Apr	68
	May	78
	June	85
	July	80
	Aug	90
	Sept	86
	Oct	95
	Nov	100
	Dec	98

Required: 1. Calculate the forecast using 4-months moving average (MA) 2. Calculate the forecast using 4-month weighted moving average (WMA) 3. Calculate the mean absolute diviation based on MA and WMA. Which one give you closest forecast using MAD. 4. Show the graph compare actual and forecast based on MA and WMA. 5. Calculate the Exponentially Smoothed Forecast for each month. Assume an an initial forecast of 50,000 units in Jan. Use smoothing constand a = 0.2, a = 0.5, and a = 0.80. 6. Which smoothing constant give you closest forecast. Using MAD and graph. 7. Calculate the trend projection