Forecasting using weighted moving average
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Daily demand for newspapers for the last 10 days has been as follows: 12, 13, 16, 15, 12, 18, 14, 12, 13, 15 (listed from oldest to most recent). Forecast sales for the next day using a three-day weighted moving average where the weights are 3, 1, and 1 (the highest weight is for the most recent number).
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Forecasts sales for the next day using a three-day weighted moving average is provided in the solution.
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Answer: 14.0
Weights 3,1,1 (the highest weight is for the ...
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