Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Question 2
The Walmart Store on MD Route 301 at Bowie has experienced the following demand for its
Refrigerators during the last six months. Round to three decimal places.
Months
1
2
3
4
5
6
Sales
56
61
55
60
66
WMA-3
MA-2
(a) Provide a forecast for the 6th month by using a 3-month weighted moving average technique
with weights 3, 2, and 1 (3-being the most recent).
(b) Forecast sales using a 2-year moving average technique.
Error 2
(6) What is the MSE from the 2-year moving average?
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Transcribed Image Text:Question 2 The Walmart Store on MD Route 301 at Bowie has experienced the following demand for its Refrigerators during the last six months. Round to three decimal places. Months 1 2 3 4 5 6 Sales 56 61 55 60 66 WMA-3 MA-2 (a) Provide a forecast for the 6th month by using a 3-month weighted moving average technique with weights 3, 2, and 1 (3-being the most recent). (b) Forecast sales using a 2-year moving average technique. Error 2 (6) What is the MSE from the 2-year moving average?
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