Forecasting product Demand
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Demand for a particular type of battery fluctuates from one week to the next. A study of the last 6 weeks provides the following demands (in dozens): 4, 5, 3, 2, 8 and 10 (last week).
(a) Forecast demand for the next week using a 2-week moving average.
(b) Forecast demand for the next week using a 3-week moving average.
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Forecasts demand using moving-average.
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Demand for a particular type of battery fluctuates from one week to the next. A study of the last 6 weeks provides the following demands ...
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