A large Portland manufacturing would like to forecast the monthly demand for a piece of pollutioncontrol equipment. Suppose the monthly sales figures for the past five months have been as follows: Month 1 2 3 4 5 Actual Demand 14 17 20 21 25 a. Make a forecast for 6th month using a three-period moving average (MA). What would be the forecast for 6th month? b. The manager would like to use simple expo
A large Portland manufacturing would like to forecast the monthly demand for a piece of pollutioncontrol equipment. Suppose the monthly sales figures for the past five months have been as follows: Month 1 2 3 4 5 Actual Demand 14 17 20 21 25 a. Make a forecast for 6th month using a three-period moving average (MA). What would be the forecast for 6th month? b. The manager would like to use simple expo
Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
ChapterC: Cases
Section: Chapter Questions
Problem 5.3SD: Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling...
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3. A large Portland manufacturing would like to
Month 1 2 3 4 5
Actual Demand 14 17 20 21 25
a. Make a forecast for 6th month using a three-period moving average (MA). What would be the forecast
for 6th month?
b. The manager would like to use simple exponential smoothing to forecast. Use alpha = 0.25. What
would be the forecast for 6th month?
c. Find the better forecast out of Moving Average and Simple Exponential Smoothing
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