A:-.Forecast the demand for pizza for April 23 – May 21 by using simple moving average method with n =3.
B:- Using the same data forecast for April 23 – May 21 with weighted moving Average method where n =3 and weights are 0.50,0.30,0.20.Apply 0.50 to the Most recent demand.
C: - Use the exponential smoothing method to forecast the demand of pizzas for April9 – May 7; where smoothing constant (alpha) a =0.1.Assume F1=D1
Answer:-
Forecast (simple moving Avg)
April 23 55.66 working (50+65+52)/3
April 30 57.66 working (65+52+56)/3
May 07 54.33 working (52+56+55)/3
May 14 57.00 working (56+55+60)/3
May 21 57.00 working (55+60+56)/3
Forecast (Weighted moving Avg)
April 23 55.5
April 30 56.6
May 07 54.7
May 14 57.7
May 21 57.0
Forecast α = 0.1
April 09 50
April 16 51.5
April 23 51.55
April 30 51.995
May 07 52.296
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