Given the following data on the number of pints of ice cream sold at a local ice cream store for a 6-period time frame:
$$\begin{array} { c c }
\text { Period } & \text { Demand } \
\hline 1 & 200 \
2 & 245 \
3 & 190 \
4 & 270 \
5 & 280 \
6 & 300 \
\hline
\end{array}$$
-Daily highs in Sacramento for the past week (from least to most recent) were:
95, 102, 101, 96, 95, 90 and 92. Develop a forecast for today using a weighted moving average, with a weights of .6, .3, and .1, where the highest weights are applied to the most recent data.

Question

Given the following data on the number of pints of ice cream sold at a local ice cream store for a 6-period time frame:
 $$\begin{array} { c c } 
\text { Period } & \text { Demand } \
\hline 1 & 200 \
2 & 245 \
3 & 190 \
4 & 270 \
5 & 280 \
6 & 300 \
\hline
\end{array}$$
-Daily highs in Sacramento for the past week (from least to most recent) were:
95, 102, 101, 96, 95, 90 and 92. Develop a forecast for today using a weighted moving average, with a weights of .6, .3, and .1, where the highest weights are applied to the most recent data.

Quizplus · Accepted Answer

The Answer of Given the following data on the number of pints of ice cream sold at a local ice cream store for a 6-period time frame:
 $$\begin{array} { c c } 
\text { Period } & \text { Demand } \
\hline 1 & 200 \
2 & 245 \
3 & 190 \
4 & 270 \
5 & 280 \
6 & 300 \
\hline
\end{array}$$
-Daily highs in Sacramento for the past week (from least to most recent) were:
95, 102, 101, 96, 95, 90 and 92. Develop a forecast for today using a weighted moving average, with a weights of .6, .3, and .1, where the highest weights are applied to the most recent data.

Given the Following Data on the Number of Pints of Ice