Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Download Solution

Related Solution

Washington Discussio...
Up from Slavery is a book that was written by the American educator, Booker T. Washington and it holds the autobiographical details of his life back in 1901. His story is dark and pretty inspiring at...

Washington Discussion
Washington Discussion

Up from Slavery is a book that was written by the

Unit 7 (2)_165451050...
The UNE library is a great source for finding information about topics that are relevant to the topics for a research essay or for finding information on the subjects that are the core subjects for th...

Unit 7
Unit 7

The UNE library is a great source for finding info

Discussion 6_1635179...
There occurs minimal interference of the government in the market economy which thereby creates a scenario that the equilibrium price and quantity in the market is determined by the

Discussion 6
Discussion 6

There occurs minimal interference of the governmen

Operation Management-Forecasting

Operation Management-Forecasting

Q • moving average and weighted moving average forecasting technique (see examples on p.114-115 Examples 1 & 2). Follow same approach using your business as an example.

View Related Questions

Solution Preview

View Complete Solution
I have collected the sales data of the company Panache Inc. for the last two years and have applied the method of moving average in my data set. The following is the forecasted value of the data set after using the moving average: Month Actual Demand Forecast Demand January (2016) 25 February 23 March 28 April 26 25.3 May 27 25.7 June 27 27.0 July 25 26.7 August 21 26.3 September 18 24.3 October 14 21.3 November 12 17.7 December 18 14.7 January (2017) 28 14.7 February 27 19.3 March 24 24.3 April 25 26.3 May 23 25.3 June 22 24.0 July 28 23.3 August 29 24.3 September 14 26.3 October 15 23.7 November 16 19.3 December 12 15.0