empty cells. Show solution. Month (Year 1) 1 Demand Two-month moving average (weights: 0.6 & 0.4) Exponential smoothing (a = 0.3) 4 4.00 2 6 3 4 5.2 4 5 5 6 10 8 7 7 8.8 8 6 6 12 10 14 11 15 12 14.6 4.00 4.59 7.48

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter1: Functions
Section1.2: Functions Given By Tables
Problem 2TU: Use the table of values you made in part 4 of the example to find the limiting value of the average...
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Question

am. 112.

A. Consider the following table for the demand of a product for a year. Forecast the demand in the following year. Fill in the
empty cells. Show solution.
Month
(Year 1)
Demand
1
4
2
6
Two-month moving average
(weights: 0.6 & 0.4)
3
4
5.2
4
5
5
10
6
8
7
7
8.8
8
9
9
12
10
14
11
11
15
12
14.6
Exponential smoothing
(a = 0.3)
4.00
4.00
4.59
7.48
Transcribed Image Text:A. Consider the following table for the demand of a product for a year. Forecast the demand in the following year. Fill in the empty cells. Show solution. Month (Year 1) Demand 1 4 2 6 Two-month moving average (weights: 0.6 & 0.4) 3 4 5.2 4 5 5 10 6 8 7 7 8.8 8 9 9 12 10 14 11 11 15 12 14.6 Exponential smoothing (a = 0.3) 4.00 4.00 4.59 7.48
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