Suppose a three-period weighted average is being used to forecast demand. Weights for the periods are as follows: w _t-3 = 0.2, w _t-2 = 0.3 and w _t-1 = 0.5. Demand observed in the previous three periods was as follows: A _t-3 = 2,200, A _t-2 = 1,950, and A _t-1 = 2,050. What will be the demand forecast for period t? A)2,000 B)2,095 C)1,980 D)2,050 E)1,875

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The Answer of Suppose a three-period weighted average is being used to forecast demand. Weights for the periods are as follows: w _t-3 = 0.2, w _t-2 = 0.3 and w _t-1 = 0.5. Demand observed in the previous three periods was as follows: A _t-3 = 2,200, A _t-2 = 1,950, and A _t-1 = 2,050. What will be the demand forecast for period t? A)2,000 B)2,095 C)1,980 D)2,050 E)1,875

Suppose a Three-Period Weighted Average Is Being Used to Forecast