Forecasting-weighted moving average

Assignment Help Accounting Basics

Reference no: EM13115945

Historical demand for a product is

DEMAND

January 12

February 11

March 15

April 12

May 16

June 15

a. Using a weighted moving average with weights of 0.60, 0.30, and 0.10, find the July forecast.

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

c. Using simple linear regression analysis, calculate the regression equation for the preceding demand data.

d. Using the regression equation in d, calculate the forecast for July.

Reference no: EM13115945

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