Which forecasting method is used for month actual demand

Reference no: EM13118877

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 have been for July?

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

c. Which forecasting method would you recommend? Why?

Reference no: EM13118877

Questions Cloud

How many moles of water can be produced : 2C4H10 + 13O2 → 8CO2 + 10H2O The equation shows the combustion of butane (C4H10). How many moles of water can be produced by 12.5 moles of C4H10 with excess oxygen.

Explain how long will it take the camel to cross the desert : The camel walks at the uniform speed 4.53 km/hr along a straight line in the direction 39.7? north of East (only the camel knows why he chose that particular direction). Explain how long will it take the camel to cross the desert?

Estimate the product of two factors : Estimate the product of two factors. A student rounded one factor down and left the other factor unchanged. Was the estimate greater or less than the exact product?

Describe the type of precipitate : Describe the type of precipitate that is formed when alcohol is added to denatured DNA?

Which forecasting method is used for month actual demand : Using a three month moving average, what would the forecast and MAD have been for July? Which forecasting method would you recommend? Why?

Tefl module - teaching english one-to-one : From TEFL Module - Teaching English One-to-One ---------------------------------------------- Think of an activity/game that can be used in a one-to-one lesson and describe how you would use it. The level is upper-intermediate, the topic of the les..

Find out the location on the x-axis of the center of mass : A point mass of m1 = 2.3 kg is placed at the origin. Masses m2 = 5.4 kg and m3 = 7.6 kg are placed at 3.5 m and -5.8 m on the x-axis, respectively. Find out the location on the x-axis of the center of mass.

Determining exponential growth function : Randy invested his inheritance in an account that paid 6.1% interest, compounded continuously. After 5 years, he found that he now had $51,426.94. What was the original amount of his inheritance?

What energy change occurs : Consider the following thermochemical equation: CH4(g) + I2(g) --> CH3I(g) + HI(g) Enthalpy Value = +23 kJ

User Account

All Pages