The forecasted demand for the week of October 12 using a 3-week moving average =

Question

The forecasted demand for the week of October 12 using a 3-week moving average = pints (round your response to two decimal places.) Using a 3-week weighted moving average, with weights of 0.20, 0.35, and 0.45, using 0.45 for the most recent week, the forecasted demand for the week of October 12 = pints (round your response to two decimal places and remember to use the weights in appropriate order - the largest weight applies to most recent period and smallest weight applies to oldest period.) If the forecasted demand for the week of August 31 is 350 and alpha = 0.25, using exponential smoothing, develop the forecast for each of the weeks with the known demand and the forecast for the week of October 12 (round your response to two decimal places.). Week Of Pints Used Forecast for this Date August 31 350 350 September 7 370 350.00 September 14 412 355.00 September 21 383 September 28 368 October 5 378 October 12

Explanation / Answer

a. the demand for the week based on 3 week moving agerage= (383+368+378)/3= 376.33 units

b. based on weights, the demand will be= 0.45*378+0.35*365+ 0.2*383= 170.1+127.75+76.6= 374.45 units

c.

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