Forecasting using weighted moving average method
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A forecasting method is used to predict sales of bibles with weights for the expected sales. in the last five periods.
Period 1 2 3 4 5 6 7 8
Obs 23 28 33 26 21 38 32 41
Weights .1 .1 .2 .2 .4+-
a. What is the one step ahead forecast for period 9?
b. One step ahead for period 6 show the work!
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Solution Summary
This post shows how to calculate the weighted average moving average and predict the one step ahead values.
Solution Preview
See the attached file for formula and working. ...
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