Solution-Compute a weighted average forecast

Compute a weighted average forecast

Reference no: EM133010353

Problem - Given the following demand data,

Period	Demand
1	61
2	57
3	62
4	58
5	65

Required -

a. Compute a weighted average forecast using a weight of 0.4 for the most recent period, 0.3 for the next most recent, 0.2 for the next, and 0.1 for the next.

b. If the actual demand for period Sis 61, forecast demand for period 7 using the same weights as in part a.

Reference no: EM133010353

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Compute a weighted average forecast

Reference no: EM133010353

Reference no: EM133010353

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