Determine the one-step-ahead forecast for given period

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Reference no: EM131463009

Question: A forecasting method used to predict can opener sales applies the following set of weights to the last five periods of data: .1, .1, .2, .2, .4 (with .4 being applied to the most recent observation). Observed values of can opener sales are

Period: 1 2 3 4 5 6 7 8

Observation: 18 22 26 33 14 28 30 52

Determine the following:

a. The one-step-ahead forecast for period 9.

b. The one-step-ahead forecast that was made for period 6.

Reference no: EM131463009

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