Plot the forecast on the same graph as the original data, Operation Management

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Plot the forecast on the same graph as the original data

ear 1 2 3 4 5 6 7 8 9 10 11
Demand 7 9 5 9 13 8 12 13 9 11 7

a) Plot the above data on a graph. Do you observe any trend, cycles, or random variations?

b) Starting in year 4 and going to year 12, forecast demand using a 3-year moving average. Plot your forecast on the same graph as the original data.

c) Starting in year 4 and going to year 12, forecast demand using a 3-year moving average with weights of .1, .3, and .6, using .6 for the most recent year. Plot this forecast on the same graph.

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Operation Management: Plot the forecast on the same graph as the original data

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Operation Management: Plot the forecast on the same graph as the original data

Reference No:- TGS082308

Have a Question? (oR Write a Review)

Recent Questions Asked Operation Management

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Operation Management: Plot the forecast on the same graph as the original data

Reference No:- TGS082308

Recent Questions Asked Operation Management

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