Course Solutions Uncategorized (Answered) : Suppose Four Period Weighted Average Used Forecast Demand Weights Periods Wt 4 01 Wt 3 02 Q31174185

(Answered) : Suppose Four Period Weighted Average Used Forecast Demand Weights Periods Wt 4 01 Wt 3 02 Q31174185

June 27, 2024June 27, 2024| adminadmin| 0 Comment| 6:52 pm
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Suppose a four period weighted average is being used to forecastdemand. Weights for the periods are:

wt-4 = 0.1

wt-3 = 0.2

wt-2 = 0.35

wt-1 = 0.35

Demand observed in the previous four periods was:

At-4 = 15545

At-3 = 15540

At-2 = 14784

At-1 = 14750

What will be the demand forecast for period t? (Keep one decimalplace in your answer).

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