Find out the july forecast assumptions

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Reference no: EM1377830

Q. Historical demand for a product is:

Month Demand
January 12
February 11
March 15
April 12
May 16
June 15

a. Utilizing a weighted moving average with weights of 0.60, 0.30 also 0.10, find out the July forecast.

b. Utilizing a simple three-month moving average, find out the July forecast.

c. Utilizing single exponential smoothing with α = 0.2 also a June forecast = 13, find out the July forecast. Make illustrate whatever assumptions you wish. List these assumptions.

Reference no: EM1377830

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