The company wants to forecast this yearrsquos demand for, Ask an Expert

Management Studies

The company wants to forecast this year’s demand for manual typewriters based on the following historical data:

Time Period Demand

5 years ago 900

4 years ago 700

3 years ago 600

2 years ago 500

Last year 300

A) What is the forecast for this year using a moving-average forecast based on the last three years?

B) What is the forecast for the next period using exponential smoothing method with a alpha factor of 0.4? a= 0.4

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91424626

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