QUESTION 1: The monthly demand (in units) for a product in September 2020
- QUESTION 1: The monthly demand (in units) for a product in September 2020 through February 2021 were as follows: 154,145,157,150,151,145
What is the forecasted demand in December 2020 if you use exponential smoothing with a smoothing constant 0.37?
Assume the forecast in September 2020 was 84 units
Use at least 4 decimals.
QUESTION 2: The monthly demand (in units) for a product in October 2020 through March 2021 were as follows: 172,171,155,159,171,169
What is the forecasted demand in February2021 if you use exponential smoothing with a smoothing constant 0.38?
Assume the forecast in October 2020 was 184 units.
Use at least 4 decimals.
QUESTION 3: The demand for a product in the the past 10 months were: 541,751,791,835,777,655,624,754,554,763
Suppose a three-month moving average is used to generate forecasts.
What is the forecasted demand in month 8?
Use at least 4 decimal places.
QUESTION 4: The demand for a product in the past 10 months were: 794, 660, 785, 653, 787, 740, 788, 554, 648, 670
Suppose a three-month moving average is used to generate forecasts.
What is the forecasted demand in month 6?
Use at least 4 decimal places.
QUESTION 5: The monthly demand (in units) for a product in the past 7 months are:
416,351,385,417,433,344,363
What is the value of MAD if we use a two-month moving average method
QUESTION 6:The monthly demand (in units) for a product from March 2020 until December 2020 are: 728,773,802,822,929,862,968,899,949,1006
NOTE: Use at least 4 decimal places in calculation and answer
Use the linear trend projection method to forecast the demand in April 2021.
"96% of our customers have reported a 90% and above score. You might want to place an order with us."
