(a) Compute a weighted average forecast for the data listed below using a weight of 0.40 for the most recent period, O.30 for the next most recent, 0.20 for the next, and 0.10 for the next. (b) If the actual demand for period 6 is XX, calculate the demand forecast

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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use xx=23
(a) Compute a weighted average
forecast for the data listed below
using a weight of 0.40 for the
most recent period, O.30 for the
next most recent, 0.20 for the
next, and 0.10 for the next. (b) If
the actual demand for period 6 is
XX, calculate the demand forecast
for the Period 7 using the same
weights as in the Part (a).
Week
Unit Sales
1
700
724
3
720
4
728
740
742
7
758
8.
750
770
10
775
Transcribed Image Text:(a) Compute a weighted average forecast for the data listed below using a weight of 0.40 for the most recent period, O.30 for the next most recent, 0.20 for the next, and 0.10 for the next. (b) If the actual demand for period 6 is XX, calculate the demand forecast for the Period 7 using the same weights as in the Part (a). Week Unit Sales 1 700 724 3 720 4 728 740 742 7 758 8. 750 770 10 775
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