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Management Studies

Problem:

Historical demand for a product is

Month Demand

Jan 12

Feb 11

Mar 15

Apr 12

May 16

Jun 15

Required:

Question 1) Using a weighted moving average with weights 0.60, 0.30, and 0.10, find the July forecast.

Question 2) Using a simple three-months moving average, find July forecast.

Question 3) Using single exponential smoothing with Alpha = 0.2 and June forecast = 13, find the July forecast. Assume whatever you want to wish.

Question 4) Using simple linear regression (least square or trend analysis), calculate the regression equation and using this equation forecast for July. Provide correct solution of the given problem with step by step calculations.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91162762

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