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The demand over the past 9 months for a new breakfast cereal is shown in table 4-24.
1. Develop a forecast for November using a 5- period moving average where the weights are ( earliest to latest) 1, 1, 2, 2, and 4.
Month
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sept.
Oct.
units
70
76
75
80
92
87
93
114
105
Solve the Problem and Make a Forecast for the Month of Nov.
2. Calculate Goodness Criteria of the Model
3. Plot a Graph showing Actual Units Vs Forecast.
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