Find forecast using a simple three-month moving average, Operation Management

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Find forecast using a simple three-month moving average

Historical demand for a product is:

MonthDemand
January12
February11
March 15
April 12
May 16
June 15

a. Using a weighted moving average with weights of 0.60, 0.30, and 0.10, find the July forecast.

b. Using a simple three-month moving average, find the July forecast.

c. Using single exponential smoothing with alpha = 0.2 and a June forecast = 13, find the Julyforecast. Make whatever assumptions you wish.

d. Using simple linear regression analysis, calculate the regression equation for the preceding demand data.

e. Using the regression equation in d, calculate the forecast for July.

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Operation Management: Find forecast using a simple three-month moving average

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Operation Management: Find forecast using a simple three-month moving average

Reference No:- TGS084258

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