In the table below there is data for demand of 19 periods. Using the forecasting method...

Question

Question

In the table below there is data for demand of 19 periods. Using the forecasting method WMA, with n=3, w1=0.6, W2=0.3 and w3=

Answer 1

Answer #1

ANSWER:

The value of F9 is 74.0

CALCULATION:

We have,

1 Period Weight Dt 72.5 2 73.6 3 74.9 4 75.0 5 76.5 6 0.1 71.6 7 0.3 74.5 8 0.6 74.2 9 73.4 10 74.5

Forecast for the period 9, F9 = w1*Dt(8) + w2*Dt(7) + w3*Dt(6) = 0.6 * 74.2 + 0.3 * 74.5 + 0.1 * 71.6 = 74.03

Answer 2

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