Monthly demand for one of their products

Reference no: EM13192419

A manufacturer has experienced the following monthly demand for one of their products.

Month Actual demand (in cases)

February 1500
March 2860
April 2950
May 3490
June 3000

a. Using a three month moving average, what would the forecast and MAD be for July?

b. What would the three-month weighted moving average (using .4, .4, .2) and MAD be for July?

c. What would the MAD be using a regression?

d. Which forecasting method would you recommend? Why?

Reference no: EM13192419

Questions Cloud

Trace the various media : Trace the various media that have been used to record sound, from Edison's time at the beginning of the 20th Century to the present. Define what the term 'the studio years' signifies with regard to the film industry. When did it occur, what were some..

State what is the molarity of an unknown acid : What is the molarity of an unknown acid if 40.5 ml of the acid can be titrated

Cruise line operating truly luxurious ships : You are marketing director for a cruise line operating truly luxurious ships. These have superb service and cuisine. How would you proceed to identify the most promising distributors?

What is the probability that you drew the ball from bag a : There are two bags, each each containing 100 ping-pong balls. Bag A contains 100 red balls and no black ball, and bag B contains 20 red and 80 black. you are are blindfolded and reac into a bag.There is a .5 probability it is bag A .

Monthly demand for one of their products : A manufacturer has experienced the following monthly demand for one of their products.

Find the work done in pulling the bucket to the top : The bucket is filled with 36 lb of water and is pulled up at a rate of 5 ft/sec, but water leaks out of the bucket at a rate of 0.2 lb/sec. Find the work done in pulling the bucket to the top of the well (in ft-lb).

Tourism distribution channel : For what reasons do retail travel agencies continue to be an important tourism distribution channel?

Find the dimensions of a pool table : Pool tables are rectangular, and their length is twice the width. Find the dimensions of a pool table if it occupies 18 ft2 of floor space.

Why would japanese producers have agreed to the ver : Suppose that Japanese auto producers voluntarily restrict their exports to the US significantly. (For example, imagine all US imports come from Japan and that the Japanese producers restrict exports to the US to half the free-trade level).

User Account

All Pages