Utilizing a simple three-month moving average find out the, Ask an Expert

Management Studies

Q. Historical demand for a product is:

Month Demand
January 12
February 11
March 15
April 12
May 16
June 15

a. Utilizing a weighted moving average with weights of 0.60, 0.30 also 0.10, find out the July forecast.

b. Utilizing a simple three-month moving average, find out the July forecast.

c. Utilizing single exponential smoothing with α = 0.2 also a June forecast = 13, find out the July forecast. Make illustrate whatever assumptions you wish. List these assumptions.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9313131

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