Question
In this scenario, each of you work for Go-Slow Industries, which is a large organization spread out across multiple plant locations that produce door-stopping devices
In this scenario, each of you work for Go-Slow Industries, which is a large organization spread out across multiple plant locations that produce door-stopping devices called widgets. You are the senior manager of global operations and supply chain management at Go-Slow Industries and are being asked by your director to answer the guiding tasks below and present your findings to the executive management teams quarterly off-site meeting.
Go-Slow Industries is looking to forecast their door-stopping devices product demand and order the appropriate number of production material. Use Go Slow Industries forecasting to solve the questions.
1) Go-Slow Forecasting
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 |
Demand | 7 | 9 | 5 | 9 | 13 | 8 | 12 | 13 | 9 | 11 | 7 |
- Starting in year 4 and going to year 12, forecast demand using a 3-year moving average. Plot your forecast on the same graph as the original data.
- Starting in year 4 and going to year 12, forecast demand using a 3-year moving average with weights of 0.1, 0.3, and 0.6, using 0.6 for the most recent year. Plot this forecast on the same graph.
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