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Forecast demand for year five using gven approaches

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Reference no: EM13850198

Demand of a product for four years is shown below. Forecast demand for year five using following approaches:

1) a three - year moving avaerage.

2) a three-year weighted moving average using 0.40 for year 4, 0.20 for year 3 and 0.40 for year 2.

3) Exponential smooththing with alpha = 0.30, and assuming the forecast for period 1 = 68000.

Reference no: EM13850198

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