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: This exercise contains only parts b,c, and d. b) Using the 3-year

image text in transcribed
The following table shows the actual demand observed over the last 11 years: 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). c) Using the 3-year weighted moving average with weights 0.15,0.35, and 0.50 , using 0.50 for the most recent period, provide the forecast from periods 4 through 12 (round your responses to two decimal places). d) Mean absolute deviation for the forecast developed using the 3-year moving average 2.60 and for the 3 -year weighted moving average is 2.77 . Based on this information, the better forecast is achieved using the approach

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

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

Management Information Systems

Authors: Jane Price Laudon, Ken Laudon

11th Edition

013607846X, 9780136078463

More Books

Students also viewed these General Management questions

Question

What is the difference between a soft put and a hard put?

Answered: 1 week ago