Forecast the demand for the week of October 12 using a 3-week moving average. b) Use a 3-week weighted moving average, with weights of .1, .3, and .6, using .6 for the most recent week. Forecast demand for the week of October 12. c) compute the forecast for the week of Oct 12 using exponential  smoothing with a forecast for august 31 of 360 and alpha 0.2

Contemporary Marketing
18th Edition
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Louis E. Boone, David L. Kurtz
Chapter14: Pricing Strategies
Section14.2: Forecasting Demand
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a) Forecast the demand for the week of October 12 using a 3-week moving average.

b) Use a 3-week weighted moving average, with weights of .1, .3, and .6, using .6 for the most recent week. Forecast demand for the week of October 12.

c) compute the forecast for the week of Oct 12 using exponential 

smoothing with a forecast for august 31 of 360 and alpha 0.2 

Problems 4.1-4.42 relate to Time-Series Forecasting
• 4.1
blood used at Woodlawn Hospital in the past 6 weeks:
The following gives the number of pints of type B
WEEK OF
PINTS USED
August 31
360
September 7
389
September 14
410
September 21
381
September 28
368
October 5
374
Transcribed Image Text:Problems 4.1-4.42 relate to Time-Series Forecasting • 4.1 blood used at Woodlawn Hospital in the past 6 weeks: The following gives the number of pints of type B WEEK OF PINTS USED August 31 360 September 7 389 September 14 410 September 21 381 September 28 368 October 5 374
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