The manager of an Office Supply company wants to forecast the demand for deliveries for the next month, based on previous orders. Month Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Orders 120 90 100 75 110 50 75 130 110 90 Compute the monthly demand forecast: A. For November using the naive method. B.For April through November using a 3-month moving average. C.For June through November using a 5-month moving average. D.For April through November using a 3-month weighted moving average. Use weights of 0.5, 0.33, and 0.17, with the heavier weights on the more recent months.The manager of an Office Supply company wants to forecast the demand for deliveries for the next month, based on previous orders.
Month Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct.
Orders 120 90 100 75 110 50 75 130 110 90
Compute the monthly demand forecast:
A. For November using the naive method.
B.For April through November using a 3-month moving average.
C.For June through November using a 5-month moving average.
D.For April through November using a 3-month weighted moving average. Use weights of 0.5, 0.33, and 0.17, with the heavier weights on the more recent months.