Problemweek of pints usedaugust 31 360september 7, Ask an Expert

Management Studies

Problem:

WEEK OF PINTS USED

August 31 360

September 7 389

September 14 410

September 21 381

September 28 368

October 5 374

Required:

i) Forecast the demand for the week of October 12 using a 3-week moving average.

ii) Use a 3-week weighted moving average, with weights of .1, .3, and .6, using .6 for the most recent week. Forecast demand for the week of October 12.

iii) Compute the forecast for the week of October 12 using exponential smoothing with a forecast for August 31 of 360 and a 5 .2.

Carefully solve the numerical problem and show all the steps of calculation.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91147388

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