Question Three: Milka makes boxes of chocolates for which the demand is uncertain. " Quarterty demand (in boxes of chocolates) for the last 3 years follows: Quarter Year 1 Year 2 Year 3 1 3,000 3,300 3,502 2 1,700 2,100 2,448 3 900 1,500 1,768 4 4,400 5,100 5,882 Total 10,000 12,000 13,600 a Use intuition and judgment to estimate quarterly demand for the fourth year. b- Use weighted moving average to estimate the demand for every quarter in the fourth year. Try to calculate the weights from historical data of last two years

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter7: Nonlinear Optimization Models
Section: Chapter Questions
Problem 56P
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Question Three:
Milka makes boxes of chocolates for which the demand is uncertain. " Quarterly demand (in boxes of chocolates) for
the last 3 years follows:
Quarter
Year 1
Year 2
Year 3
1
3,000
3,300
3,502
2
1,700
2,100
2,448
900
1,500
1,768
4
4,400
5,100
5,882
Total
10,000
12,000
13,600
Use intuition and judgment to estimate quarterly demand for the fourth year.
a-
b- Use weighted moving average to estimate the demand for every quarter in the fourth year.
Try to calculate the weights from historical data of last two years
Transcribed Image Text:Question Three: Milka makes boxes of chocolates for which the demand is uncertain. " Quarterly demand (in boxes of chocolates) for the last 3 years follows: Quarter Year 1 Year 2 Year 3 1 3,000 3,300 3,502 2 1,700 2,100 2,448 900 1,500 1,768 4 4,400 5,100 5,882 Total 10,000 12,000 13,600 Use intuition and judgment to estimate quarterly demand for the fourth year. a- b- Use weighted moving average to estimate the demand for every quarter in the fourth year. Try to calculate the weights from historical data of last two years
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