Solved

Table 118
a Manager Wants to Forecast the Monthly Demand
for

Question 48

Multiple Choice

Table 11.8
A manager wants to forecast the monthly demand
for a machine the company produces.
 Month  No. Machines  Sold 150265352456555660\begin{array} { | c | c | } \hline \text { Month } & \begin{array} { c } \text { No. Machines } \\\text { Sold }\end{array} \\\hline 1 & 50 \\2 & 65 \\3 & 52 \\4 & 56 \\5 & 55 \\6 & 60 \\\hline\end{array}

-Use the information in Table 11.8. Calculate the MAD for months 4 through 6 for the weighted moving average forecasts. The weights are 0.50, 0.30, and 0.20, where 0.50 refers to the most recent demand.


A) less than or equal to 2
B) greater than 2 but less than or equal to 3
C) greater than 3 but less than or equal to 4
D) greater than 4

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents