Historical demand for a product is DEMAND January 15 February 12 March 16 April 15 May 17 June 16 a. Using a weighted moving average with weights of 0.60 (June),...

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General Management

Historical demand for a product is

DEMAND
January15
February12
March16
April15
May17
June16


a. Using a weighted moving average with weightsof 0.60 (June), 0.20 (May), and 0.20 (April), find the Julyforecast. (Round your answer to 1 decimalplace.)

b. Using a simple three-month moving average,find the July forecast. (Round your answer to 1 decimalplace.)

c. Using single exponential smoothing with? = 0.30 and a June forecast = 11, find the July forecast.(Round your answer to 1 decimal place.)

d. Using simple linear regression analysis,calculate the regression equation for the preceding demand data.(Do not round intermediate calculations. Round yourintercept value to 1 decimal place and slope value to 2 decimalplaces.)

e. Using the regression equation in d,calculate the forecast for July. (Do not round intermediatecalculations. Round your answer to 1 decimal place.)

Answer & Explanation Solved by verified expert
4.1 Ratings (759 Votes)
Answer to Question a Forecast for July 060 x Demand for June 02 x demand for May 02 x demand for April 060 x 16 02 x 17 02 x 15 96 34 3 16 Answer to question b Forecast for July using a 3 month simple moving average Demand for April Demand for May demand for June 3 15 17    See Answer
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