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3 July, 13:12

Suppose a four-period weighted average is being used to forecast demand. Weights for the periods are as follows: wt-4 = 0.1, wt-3 = 0.2, wt-2 = 0.3 and wt-1 = 0.4. Demand observed in the previous four periods was as follows: At-4 = 380, At-3 = 410, At-2 = 390, At-1 = 400. What will be the demand forecast for period t?

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  1. 3 July, 15:48
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    The forecast will be 397 ...

    Step-by-step explanation:

    We have given:

    Weights for the periods are.

    wt-4 = 0.1,

    wt-3 = 0.2,

    wt-2 = 0.3

    and wt-1 = 0.4

    Demand observed in the previous four periods was as follows:

    At-4 = 380,

    At-3 = 410,

    At-2 = 390,

    At-1 = 400

    The demand forecast will be:

    = 0.1*380+0.2*410+0.3*390+0.4*400

    = 38+82+117+160

    = 397

    Thus the forecast will be 397 ...
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