Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following table shows the actual demand observed over the last 11 years: Year Demand 1 6 2 8 Year 4 Forecast 6.6 3

The following table shows the actual demand observed over the last 11 years: Year Demand 1 6 2 8 Year 4 Forecast 6.6 3 6 4 4 9 5 7.6 5 12 6 9 6 8 7 11 7 8 9.6 10.3 This exercise contains only parts b, c, and d. b) Using the 3-year moving average, provide the forecast from periods 4 through 12 (round your responses to one decimal place). 8 14 9 11 9 8 10 11 11 11 10 11 11 12 8.6 11 7 c) Using the 3-year weighted moving average with weights 0.20, 0.35, and 0.45, using 0.45 for the most recent period, provide the forecast from periods 4 through 12 (round your responses to two decimal places). Year 5 6 7 8 9 10 Forecast D 12

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To calculate the 3year weighted moving average with weights of 020 035 and 045 you can follow these ... blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

More Books

Students also viewed these General Management questions