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Demand for the past 8 weeks are 130, 108, 149, 121, 146, 123, 132, 143. Use the following methods to forecast demand in the next

Demand for the past 8 weeks are 130, 108, 149, 121, 146, 123, 132, 143. Use the following methods to forecast demand in the next week: (1) 3-week simple moving average; (2) 3-week weighted moving average, with weights 0.1, 0.3, 0.6 for week t-3, t-2, t-1; (3) simple exponential smoothing with alpha=0.2.

For each method, compare the forecast and demand in Week 4-8 and calculate forecasting errors, MAD, MSE, and MAPE.

Week Demand
1 130
2 108
3 149
4 121
5 146
6 123
7 132
8 143

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