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 table.
Month Actual Demand
February 20
March 22
April 33
May 35
June 31
July 48
August 41
Answer: FAugust = 39.9, FSeptember = 42.8, eAugust = 1.1
You might also like to view...
Section 2-2011. of the Uniform Commercial Code (UCC) states that ________
A) all lease contracts must be in writing B) lease contracts involving payments of $1,000 or more must be in writing C) all sales contracts must be in writing D) sales contracts involving payments of $500 or more must be in writing
Which of the following is the Department of Homeland Security's foremost responsibility?
A) to enforce laws to prevent and control civil unrest in the country B) to enforce laws to prevent the possibility of the United States going to war C) to enforce laws to prevent domestic terrorist attacks and related criminal activities D) to enforce laws to prevent and control economic recession in the country