Given the actual data below what is the forecast for period
Given the actual data below, what is the forecast for period 6, using a four-period weighted moving average with weights of .1, .2, .3 and .4 (greater weight towards more recent time)?
Period Demand
1 19
2 20
3 18
4 19
5 17
Solution
fore cast for period 6 = 0.4*17+0.3*19+0.2*18+0.1*20
= 6.8+5.7+3.6+2
=18.1
