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Historical demand for a product is: DEMAND January 13 February 12 March 16 April 13 May 17 June 16 a. Using a weighted moving average with weights of 0.50 (June), 0.30 (May), and 0.20 (April), find the
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Historical demand for a product is: DEMAND January 13 February 12 March 16 April 13 May 17 June 16 a. Using a weighted moving average with weights of 0.50 (June), 0.30 (May), and 0.20 (April), find the July forecast

User Landyman
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23 votes
23 votes

Answer: 15.7 units

Step-by-step explanation:

July forecast = (Weight of June * Demand in June) + (Weight of May * Demand in May) + (Weight of April * Demand in April)

= (0.5 * 16) + (0.3 * 17) + (0.2 * 13)

= 8 + 5.1 + 2.6

= 15.7 units

User Ryan Amos
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