1. Business
  2. Operations Management
  3. given the below demand for the past six weeks which...

Question: given the below demand for the past six weeks which...

Question details
  1. Given the below demand for the past six weeks, which of the following techniques is the best one to be used for week 7?
    1. Naïve method
    2. 2-week moving average
    3. Exponential smoothing with alpha = 0.3 (first week’s forecast was 10.)

Week            1              2              3              4              5              6

Demand       12           8              13           12           10           8

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution