Macro- Economics

An Electronic Company estimates the annual demand for a certain product as follows:

Week 1 2 3 4 5 6

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Demand 649 524 561 738 515 598

 

 

a. Forecast the demand for week 7 using a five-period moving average? (word count maximum:100)

b. Forecast the demand for week 7 using a three-period weighted moving average. Use the following weights: W1 = .4, W2 = .4, W3 = .2  (word count maximum:100)

c. Forecast the demand for week 7 using exponential smoothing. Use α value of .1 and assume the forecast for week 6 was 602 units?  (word count maximum:100)

d. What assumptions are made in each of the above forecasts?word count maximum:150)

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