Question

In: Statistics and Probability

Past period Demand June 125 July 250 Aug. 285 Sept. 410 Oct. 485 Compute a weighted...

Past

period

Demand

June

125

July

250

Aug.

285

Sept.

410

Oct.

485
  1. Compute a weighted moving average forecast for November. Use the following weights:
    0.5 for Oct., 0.3 for Sept., and 0.2 for August.
    1. 422.5
    2. 312.8
    3. 529.0
    4. 485.0
  2. Compute an exponential smoothing forecast for November. Assume forecast for September is 425.5, and use a smoothing constant equal to 0.3.
    1. 485.0
    2. 379.5
    3. 433.4
    4. 459.6

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