If to forecast demand we were using a four-period weighted


Demand experienced over the last four months was as follows:

Month Demand

Sept 65

Oct 61

Nov 61

Dec 61

If to forecast demand we were using a four-period weighted average (with w1=0.5, w2=0.3, w3=0.1, and w4=0.1. what would our forecast for January be?

Please show work.

Solution Preview :

Prepared by a verified Expert
Operation Management: If to forecast demand we were using a four-period weighted
Reference No:- TGS02629867

Now Priced at $10 (50% Discount)

Recommended (95%)

Rated (4.7/5)