What is this year''s forecast using the linear trend, Ask an Expert

Management Studies

The number of plumbing repair jobs performed by Augur's Plumbing Service in each of the last three months is listed below:

Time Period Demand
4 years ago 41
3 years ago 45
2 years ago 49
1 year ago 55

a. What is this year's forecast using a weighted moving average with the weights equal to .5, .3, .2?

b. What is this year's forecast using the linear trend (regression approach)?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9699845

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