# Answer to Question #38448 in Economics of Enterprise for Tree

Question #38448

Demand for the last four months was:

Month

Mar

Apr

May

Jun

Demand

6

8

10

8

A) Predict demand for July using each of these methods:

1) a 3-period moving average ;

2) using the weights of .5, .3, and .2, what is the three-period weighted moving average forecast for July;

3) exponential smoothing with alpha equal to .20, April forecast is 6 (use naïve to begin);

B) If the naïve approach had been used to predict demand for April through June, what would MAD have been for those months?

Month

Mar

Apr

May

Jun

Demand

6

8

10

8

A) Predict demand for July using each of these methods:

1) a 3-period moving average ;

2) using the weights of .5, .3, and .2, what is the three-period weighted moving average forecast for July;

3) exponential smoothing with alpha equal to .20, April forecast is 6 (use naïve to begin);

B) If the naïve approach had been used to predict demand for April through June, what would MAD have been for those months?

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