Consider the demand for some product over the last 12 periods. The weights of 0.5, 0.2, 0.2, and 0.1 are assigned to the most recent, second most recent, third most recent, and fourth most recent periods, respectively. The data has been collected in the Microsoft Excel Online file below. Use the Microsoft Excel Online file below to develop the four-period weighted moving average forecast and answer the following questions.

Open spreadsheet

Questions

1. Calculate the forecast for the periods from 5 to 13 using a four-period weighted moving average. Do not round intermediate calculations. Round your answers to the nearest whole number.

E OOOO B 1 Weighted Moving Average Forecast (4 periods) 2 3 Description Weight 4 Fourth most recent period 0.1 5 Third most recent period 0.2 6 Second most recent period 0.2 7 Most recent period 0.5 8 Total 1.0 9 10 Period Actual Demand Forecast Formulas 11 1 1,700 12 2 2,300 3 2,100 14 4 1,400 15 5 2,600 16 6 3,900 17 7 3,200 18 8 3,100 19 9 3,800 20 10 4,700 21 11 4,300 22 12 4,500 23 13 24 #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A