Question
The following table shows the actual demand observed over the last 11 years: Year 1 2 3 4 5 6 7 8 9 10 11
The following table shows the actual demand observed over the last 11 years:
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 |
Demand | 7 | 9 | 5 | 9 | 13 | 8 | 12 | 13 | 9 | 11 | 7 |
This exercise contains only parts b, c, and d.Part 2b) Using the 3-year moving average, provide the forecast from periods 4 through 12 (round your responses to one decimal place).
Year | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |
Forecast | 77 | 7.677.67 | 99 | 1010 | 1111 | 1111 | 11.3311.33 | 1111 | 99 |
Part 3c) Using the 3-year weighted moving average with weights
0.10,
0.30,
and
0.60,
using
0.60
for the most recent period, provide the forecast from periods 4 through 12 (round your responses to one decimal place).
Year | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |
Forecast | ____ | ____ | _______ | _____ | _____ | _______ | _______ | ______ | _______ |
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