Historical demand for the product is: Month Demand January 12 February 11 March 15 April 12 May 16 June 15 Using Wighted average with weights of 60% for last, 30% scond last and 10% for the third last month, find the july forecast. Weighted Forecast = Using sample three month moving average, find the july forecast. Moving Average Forecast = If the July demand is 17, Using Wighted average with weights of 60% for last, 30% scond last and 10% for the third last month, find the August forecast. Weighted Forecast= Using sample three month moving average, find the August forecast. Moving Average Forecast =

Historical demand for the product is: Month Demand January 12 February 11 March 15 April 12 May 16 June 15 Using Wighted average with weights of 60% for last, 30% scond last and 10% for the third last month, find the july forecast. Weighted Forecast = Using sample three month moving average, find the july forecast. Moving Average Forecast = If the July demand is 17, Using Wighted average with weights of 60% for last, 30% scond last and 10% for the third last month, find the August forecast. Weighted Forecast= Using sample three month moving average, find the August forecast. Moving Average Forecast =

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Note: In your own words. Don't plagiarize. Must be atleast 10 sentences.