QUANTITATIVE_FORECASTING

"Assume that demand in the next period will be equal to the demand in the most recent period"

Based on the statement, it show the definition of....................

• Naive Approach

• Moving Average method

• Exponential Smoothing Method

• Trend Projection

Compute for the forecast April using Naive Approach.

Compute forecast for period 7 using Naive approach.

Moving average method are divided in ................... category.

State 1 (ONE) type of moving average method

What are the 3-week and 6-week moving average forecasts for week 8

• 28.7 & 31.5

• 31.7 & 32.3

• 29.7 & 30.5

• 26.7 & 29.5

Calculate a simple moving average of three periods to forecast the demand for July.

• 54.7

• 45.33

• 81.2

• 20

Find the three-period weighted moving average forecasts for Periods 5 and 6 by using weights of 0.05, 0.25, and 0.40 from the earliest period to the latest period, respectively.

• 1328.57 & 1546.43

• 1311.43 & 1439.29

• 1321.43 & 1539.29

• 1221.43 & 1439.29

This formula show the ...........................

• Naive Approch

• Exponential Smoothing Method

• Moving Average

• Trend Projection

Used exponential smoothing to forecast demand for period 11. Let a=0.5 and the initial forecast be 200.

• 230

• 233

• 274

• 371