Given the following data,calculate the forecast for June using the moving average method with N = 3.Also calculate a weighted moving average forecast for June using weights of 0.5,0.3,and 0.2.Assume the actual demand for June was 200 units.Which method produced the best results?
Definitions:
Asia to Europe
This term refers to the diverse cultural, economic, historical, and geopolitical interactions and connections between countries in Asia and Europe.
Great Pyramid
The largest of the three pyramids at Giza, Egypt, built as a tomb for Pharaoh Khufu (Cheops) around 2580-2560 B.C.
Water Reservoirs
Artificial or natural lakes used for the storage and regulation of water for purposes such as human consumption, irrigation, and industrial use.
Worldview
A comprehensive perspective through which individuals or groups interpret and interact with the world around them, encompassing beliefs, values, and customs.
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