Ch. 13, 14, & 16 of Operations Management for Competitive Advantage.
a. From the choice of simple moving average, weighted moving average, exponential smoothing, and linear regression analysis, which forecasting technique would you consider the most accurate? Why?
b. Complete Problem 17 - be sure to show calculations
Chapter 13 - Problem 17
Historical demand for a product is as follows:
a. Using a simple four-month moving average, calculate a forecast for October.
b. Using single exponential smoothing with α = 0.2 and a September forecast = 65, calculate a forecast for October.
d. Calculate a forecast for October.
A Complete, Neat and Step-by-step Solution is provided in the attached file for Problem 17.