This Quiz:70 pts 8 of 14 (6 complete) This Question: 10 pts Year1 2356789 10 11

Question

This Quiz:70 pts 8 of 14 (6 complete) This Question: 10 pts Year1 2356789 10 11 Demand 7 10 5 912 8 11 12 10 137 The toltiowing table shows the actual demand observed over the last 11 years his exeise contains only parts b, c, and d b) Uning he 3-yeer moving everage, provide the forecast fom periods 4 through 12 (round your responses to one decimal place). 45 6 7 8 9 10 11 12 Forecaest using the 3year weighted moving average with weights 0.20, 0.30, and 0.50, using 0.50 for ough 12 (round your responses to two decimal places) the most recent period, provide the forecast from periods 4 7 8 10 11 12 dMea abuts devition for the forcast developed using the is infomation, the bether forecast is achieved using the everage is 2.05 and for the 3-year weighted moving average is 2.39. Based on V approach.

Explanation / Answer

C

D

Yr 1 2 3 4 5 6 7 8 9 10 11 Demand 7 10 5 9 12 8 11 12 10 13 7 B Yr 1 2 3 4 5 6 7 8 9 10 11 Demand 7 10 5 9 12 8 11 12 10 13 7 AVERAGE(n-3,n-2,n-1) 3 MA 7.3 8.0 8.7 9.7 10.3 10.3 11.0 11.7

C

Yr 1 2 3 4 5 6 7 8 9 10 11 Demand 7 10 5 9 12 8 11 12 10 13 7 (0.5*n-1+0.3*n-2+0.2*n-3) 3 MA 6.90 8.00 9.70 9.40 10.30 10.90 10.80 11.90

D

3 year moving average As MAD is lower

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