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Q. Historical demand for a product is:
Month Demand January 12 February 11 March 15 April 12 May 16 June 15
a. Utilizing a weighted moving average with weights of 0.60, 0.30 also 0.10, find out the July forecast.
b. Utilizing a simple three-month moving average, find out the July forecast.
c. Utilizing single exponential smoothing with α = 0.2 also a June forecast = 13, find out the July forecast. Make illustrate whatever assumptions you wish. List these assumptions.
From the choice of simple moving average, weighted moving average, exponential smoothing, and linear regression analysis, which forecasting technique would you consider the most accurate? Why?
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