Recent past demand for product ZXT is given in the following table.
$$\begin{array} { | c | c | }
\hline \text { Month } & \begin{array} { c }
\text { Actual } \
\text { Demand }
\end{array} \
\hline \text { February } & 20 \
\hline \text { March } & 22 \
\hline \text { April } & 33 \
\hline \text { May } & 35 \
\hline \text { June } & 31 \
\hline \text { July } & 48 \
\hline \text { August } & 41 \
\hline
\end{array}$$
-Base on a three-month weighted moving average with weights w1 = .1, w2 = .4, and w3 = .5 (most recent), determine the forecasted demand for August and September. What is the forecast error in August?

Question

Recent past demand for product ZXT is given in the following table.
 $$\begin{array} { | c | c | } 
\hline \text { Month } & \begin{array} { c } 
\text { Actual } \
\text { Demand }
\end{array} \
\hline \text { February } & 20 \
\hline \text { March } & 22 \
\hline \text { April } & 33 \
\hline \text { May } & 35 \
\hline \text { June } & 31 \
\hline \text { July } & 48 \
\hline \text { August } & 41 \
\hline
\end{array}$$
-Base on a three-month weighted moving average with weights w1 = .1, w2 = .4, and w3 = .5 (most recent), determine the forecasted demand for August and September. What is the forecast error in August?

Quizplus · Accepted Answer

The Answer of Recent past demand for product ZXT is given in the following table.
 $$\begin{array} { | c | c | } 
\hline \text { Month } & \begin{array} { c } 
\text { Actual } \
\text { Demand }
\end{array} \
\hline \text { February } & 20 \
\hline \text { March } & 22 \
\hline \text { April } & 33 \
\hline \text { May } & 35 \
\hline \text { June } & 31 \
\hline \text { July } & 48 \
\hline \text { August } & 41 \
\hline
\end{array}$$
-Base on a three-month weighted moving average with weights w1 = .1, w2 = .4, and w3 = .5 (most recent), determine the forecasted demand for August and September. What is the forecast error in August?

Recent Past Demand for Product ZXT Is Given in the Following