Explain the function of demand forecasting in the logistics system and supply chain of a company! Then determine the demand forecasting value for the next 12 months based on the following historical data using several quantitative methods such as linear regression, exponential smoothing, and moving average! Note: The moving average period is 3 months, while the alpha for exponential smoothing is 0.53
Explain the function of demand forecasting in the logistics system and supply chain of a company! Then determine the demand forecasting value for the next 12 months based on the following historical data using several quantitative methods such as linear regression, exponential smoothing, and moving average! Note: The moving average period is 3 months, while the alpha for exponential smoothing is 0.53
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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Question
Explain the function of demand
Note: The moving average period is 3 months, while the alpha for exponential smoothing is 0.53
Transcribed Image Text:Month -
1
2345678
اني | | | | |
9
10
11
12
13
14
15
Consumer Demand Quantity
for PT XYZ
2230
2346
3453
3345
3476
2238
4567
5514
5563
6612
6532
4536
4563
5567
5589
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