Question
The human resources department needs to forecast the number of workmen's compensation claims. The data for several months is supplied below. Be careful since the
The human resources department needs to forecast the number of workmen's compensation claims. The data for several months is supplied below. Be careful since the data is listed beginning with the most recent. The forecasting method to be used here is the 3 month weighted moving average adjusting for seasonality where the weights, starting with the most recent time period, are 0.5, 0.3, 0.2. Again, you must find the seasonality factors for the data. Please round your forecast to the nearest whole number.
Apr 2021: 11 | Mar 2021: 19 | Feb 2021: 14 | Jan 2021: 20 | Dec 2020: 14 | Nov 2020: 17 |
Oct 2020: 12 | Sep 2020: 10 | Aug 2020: 18 | Jul 2020: 15 | Jun 2020: 11 | May 2020: 18 |
Apr 2020: 11 | Mar 2020: 20 | Feb 2020: 20 | Jan 2020: 10 | Dec 2019: 20 | Nov 2019: 20 |
Oct 2019: 11 | Sep 2019: 20 | Aug 2019: 18 | Jul 2019: 11 | Jun 2019: 11 | May 2019: 13 |
Apr 2019: 11 | Mar 2019: 19 | Feb 2019: 10 |
Please enter your forecast here_______
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