Use a three period weighted moving average with W_t = 0.7,W_t-1 = 0.2,and W_t_-2 = 0.1 to forecast demand for July. A)235.2 B)195.6 C)158.8 D)180.4

Question

Quizplus · Accepted Answer

To forecast demand for July, we need to use the three-period weighted moving average formula:

Forecast for July = (0.7 x Demand in June) + (0.2 x Demand in May) + (0.1 x Demand in April)

We do not have any demand data provided for these months, so we cannot calculate the forecast. Therefore, we cannot pick any option with full confidence. However, of the given options, option A has the highest value, so we can choose it as the best choice.

Use a Three Period Weighted Moving Average with Wt =

Use a Three Period Weighted Moving Average with W_t =