Calculate the forecasts utilizing the following three approaches: Moving average with 3 periods ...
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Calculate the forecasts utilizing the following three approaches: Moving average with 3 periods Weighted moving average with 3 periods (weights 0.60 for most recent, 0.30 for next and 0.10 for the farthest) Exponential smoothing (alpha = 0.2), use forecasts from both the moving average and weighted moving average from above
Period | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
Demand | 200 | 235 | 250 | 240 | 225 | 220 | 250 |
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