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 =

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 5E: A firm experienced the demand shown in the following table. *Unkown future value to be forecast Fill...
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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=
Transcribed Image Text: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=
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