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Find the july forecast using a weighted moving average

Historical demand for a product is:

Month Demand
January 12
February 11
March 15
April 12
May 16
June 15

a. Using a weighted moving average with weights of 0.60, 0.30, and 0.10, find the July forecast.

b. Using a simple three-month moving average, find the July forecast.

c. Using single exponential smoothing with α = 0.2 and a June forecast = 13, find the July forecast. Make whatever assumptions you wish. List these assumptions.

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Operation Management: Find the july forecast using a weighted moving average

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Solution Preview :

Prepared by a verified Expert

Operation Management: Find the july forecast using a weighted moving average

Reference No:- TGS091516

Have a Question? (oR Write a Review)

Recent Questions Asked Operation Management

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Solution Preview :

Prepared by a verified Expert

Operation Management: Find the july forecast using a weighted moving average

Reference No:- TGS091516

Recent Questions Asked Operation Management

Q : How much cash was collected from making sales

Q : Explain why erp and mrp are only resource planning processes

Q : Thoughts in various online forums

Q : Declaration of the annual dividend on the preferred shares

Q : Find the july forecast using a weighted moving average

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Q : What is the amount of the double-tax

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