Table 10.5

-Use the information in Table 10.5.Using the weighted moving average technique and the following weights,what is the forecasted demand for November?
A)less than or equal to 250 units
B)greater than 250 but less than or equal to 265 units
C)greater than 265 but less than or equal to 280 units
D)more than 280 units

Question

Table 10.5
 
-Use the information in Table 10.5.Using the weighted moving average technique and the following weights,what is the forecasted demand for November? 
A)less than or equal to 250 units 
B)greater than 250 but less than or equal to 265 units 
C)greater than 265 but less than or equal to 280 units 
D)more than 280 units

Quizplus · Accepted Answer

We need to calculate the weighted moving average using the given weights:
(0.10 x 230) + (0.15 x 235) + (0.20 x 240) + (0.25 x 245) + (0.30 x 250) = 240.5
Therefore, the forecasted demand for November is greater than 265 but less than or equal to 280 units. Hence, the best choice is C.

Table 10.5 -Use the Information in Table 10.5.Using the Weighted Moving Average