3. The weekly demand for units manufactured by the Orion Company Limited has been as follows: Week 1 Units Week Units 1000 1050 800 6 1100 3 1200 7 1250 4 1150 8 1060 Required: i. Forecast the demand for the product for week 9 by using four week weighted moving average with n-4 and weights of 0.04,0.03,0.20 and 0.10 with more recent data given more weight. Forecast the Trend by using regression method ii.
3. The weekly demand for units manufactured by the Orion Company Limited has been as follows: Week 1 Units Week Units 1000 1050 800 6 1100 3 1200 7 1250 4 1150 8 1060 Required: i. Forecast the demand for the product for week 9 by using four week weighted moving average with n-4 and weights of 0.04,0.03,0.20 and 0.10 with more recent data given more weight. Forecast the Trend by using regression method ii.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section: Chapter Questions
Problem 40P: The Baker Company wants to develop a budget to predict how overhead costs vary with activity levels....
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