Operations and Supply Chain Management (Mcgraw-hill Education)
Operations and Supply Chain Management (Mcgraw-hill Education)
15th Edition
ISBN: 9781259666100
Author: F. Robert Jacobs, Richard B Chase
Publisher: McGraw-Hill Education
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Chapter 18, Problem 4OQ
Summary Introduction

To use: A three quarter moving average to forecast the demand for the fourth using a weighted moving average.

Weighted Moving average:

A weighted moving average is demand forecasting method where the demand is calculated by analyzing data point by creating averages of different subsets of data. The data is assigned different weights based on the time period of the data.

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Operations and Supply Chain Management (Mcgraw-hill Education)

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