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Suppose a four-period weighted average is being used to forecast demand. Weights for the periods are as follows: w t-4 = 0.1, w t-3 =
Suppose a four-period weighted average is being used to forecast demand. Weights for the periods are as follows: wt-4 = 0.1, wt-3 = 0.2, wt-2 = 0.3 and wt-1 = 0.4. Demand observed in the previous four periods was as follows: At-4 = 380, At-3 = 410, At-2 = 390, and At-1 = 400. What will be the demand forecast for period t?
mc answers | a | 403 |
b | 393 | |
c | 397 | |
d | 399 | |
e | 402 |
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