Course Solutions Uncategorized (Answered) : What is the forecast for Aug based on a weighted moving average applied to the following past demand data and using the weights:

(Answered) : What is the forecast for Aug based on a weighted moving average applied to the following past demand data and using the weights:

June 27, 2024June 27, 2024| adminadmin| 0 Comment| 7:40 pm
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What is the forecast for Aug based on a weighted moving average applied to the following past demand data and using the weights: 5, 3, 1.5 (largest weight is for most recent data)?

Feb.

Mar.

Apr.

May

Jun.

Jul.

30

35

22

27

33

40

Expert Answer

For may actual demand = 27 and weight = 1.5

For June actual demand = 33 and weight = 3

For July actual demand = 40 and weight = 5

Using a weighted moving average method the forecast for a period is calculated as :

sum of the product of the actual demand and their respective weights for the previous periods / Sum of weights.

So using the above

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