Multiple Choice
Table 11.8
A manager wants to forecast the monthly demand
for a machine the company produces.
-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:
Verified
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