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Forecast demand for week 7 using five-period moving average

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Reference no: EM132827017

An Electronic Company estimates the annual demand for a certain product as follows:

Week Demand

1 649

2 524

3 561

4 738

5 515

6 598

a. Forecast the demand for week 7 using a five-period moving average?

b. Forecast the demand for week 7 using a three-period weighted moving average. Use the following weights: W1 = .4, W2 = .4, W3 = .2

c. Forecast the demand for week 7 using exponential smoothing. Use α value of .1 and assume the forecast for week 6 was 602 units?

d. What assumptions are made in each of the above forecasts?

Reference no: EM132827017

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