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The owner of the Sweet Stuff Outlet Store wants to forecast chocolate demand. Demand for the preceding four years is shown in the following table:
The owner of the Sweet Stuff Outlet Store wants to forecast chocolate demand. Demand for the preceding four years is shown in the following table: 2. Demand (Pounds) 78,800 71,000 75,500 81,200 Forecast demand for year 5 using the following approaches: A three-year simple moving average. 10 points a. b. A three-year weighted moving average using .40 for year 4, .20 for year 3, and.40 for year 2. 10 points c. Simple exponential smoothing with a30. Assume that the forecast for period 1 is 68,000. 10 points
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