Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

table [ [ Week Of , Pints Used ] , [ August 3 1 , 3 5 0 ] , [ September 7 ,

\table[[Week Of,Pints Used],[August 31,350],[September 7,372],[September 14,408],[September 21,381],[September 28,371],[October 5,371]]
a) The forecasted demand for the week of October 12 using a 3-week moving average =374.33 pints (round your response to two decimal places).
b) Using a 3-week weighted moving average, with weights of 0.20,0.35, and 0.45, using 0.45 for the most recent week, the forecasted demand for the week of October 12= pints (round your response to two decimal places and remember to use the weights in appropriate order - the largest weight applies to most recent period and smallest weight applies to oldest period.)
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Process

Authors: Lee Long

4th Edition

978-0201822939,0201822938

More Books

Students also viewed these General Management questions