The demand for a product of a company in each of the last twelve months is shown in the table below; Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Demand 37 40 41 37 45 50 43 47 56 52 55 54

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The demand for a product of a company in each of the last twelve months is
shown in the table below;
Month
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Demand 37
40
41
37
45
50
43
47
56
52
55
54
Use the table to compute the following forecast demand for the company;
a. Four months simple moving average
b. Four months weighted moving average using the weight of 40%, 30%
and 20% and 10%respectively.
Transcribed Image Text:The demand for a product of a company in each of the last twelve months is shown in the table below; Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Demand 37 40 41 37 45 50 43 47 56 52 55 54 Use the table to compute the following forecast demand for the company; a. Four months simple moving average b. Four months weighted moving average using the weight of 40%, 30% and 20% and 10%respectively.
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