Demand Forecasting Techniques: Moving Average & Exponential Smoothing
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Study.comChristian George
Demand Forecasting Techniques: Moving Average & Exponential Smoothing
Demand forecasting techniques seek to predict future demands for goods and services through evaluating both quantitative and qualitative factors. See how to use the moving average formula and exponential smoothing techniques in projecting customer demand.
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Text: Detailed calculations and explanationsConsider the data set below to answer the following questions:3.1 Find the four-period simple moving average forecasts for Periods 5 and 6 (3 Marks)Period Demand Sales Volume 1 1000 2 1200 3 1450 4 1650 5 1700 6 1850 3.2 Find the four-period weighted moving average forecasts for Periods 5 and 6 by using weights of 0.05, 0.25, 0.30, and 0.40 from the earliest period to the latest period, respectively. (3 Marks) 3.3 Identify the set of forecasts that is
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Text: Detailed calculations and explanationsConsider the data set below to answer the following questions:3.1 Find the four-period simple moving average forecasts for Periods 5 and 6 (3 Marks)Period Demand Sales Volume 1 1000 2 1200 3 1450 4 1650 5 1700 6 1850 3.2 Find the four-period weighted moving average forecasts for Periods 5 and 6 by using weights of 0.05, 0.25, 0.30, and 0.40 from the earliest period to the latest period, respectively. (3 Marks) 3.3 Identify the set of forecasts that is
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