Develop Forecasts for Periods 7 Through 10 for the Demand

question 75

Essay

Develop forecasts for periods 7 through 10 for the demand data in the table using a three period moving average, a weighted moving average using 0.6, 0.3, and 0.1, and exponential smoothing with alpha = 0.7. Use a 6^th period forecast of 135 as the starting point for the exponential smoothing technique.
$$\begin{array} { | c | c | c | c | c | } \hline \text { Period } & \text { Actual } & \text { MA } n = 3 & \text { WMA } & \text { Exp. Smoothing } \\\hline 1 & 64 & & & \\\hline 2 & 84 & & & \\\hline 3 & 91 & & & \\\hline 4 & 97 & & & \\\hline 5 & 115 & & & \\\hline 6 & 135 & & & \\\hline 7 & 137 & & & \\\hline 8 & 144 & & & \\\hline 9 & 153 & & & \\\hline 10 & 171 & & & \\\hline\end{array}$$

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Definitions:

Written Reprimand

An official, documented notice of disapproval or correction regarding an individual's conduct or performance in the workplace.

Nonprogrammed Decisions

Decisions made in response to situations that are unique, are poorly defined and largely unstructured, and have important consequences for the organization.

Nonprogrammed Decisions

Decisions that are unique, require specific solutions, and are not based on established guidelines or procedures.

Standardized Responses

Preset or uniform reactions or answers to specific stimuli or situations, often used to ensure consistency and efficiency.