(Mt) – MGT 311 Annual Demand and Forecast Question

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Assignment Question(s): Question 1: An Electronic Company estimates the annual demand for a certain product as follows: Week 1 2 3 4 5 6 Demand 649 524 561 738 515 598 a. Forecast the demand for week 7 using a five-period moving average? (Marks 1.5) (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 (Marks 1.5) (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? (Marks 1.5) (word count maximum:100) d. What assumptions are made in each of the above forecasts? (Marks 0.5) (word count maximum:150)

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