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xenn [34]
3 years ago
11

Historical demand for a product is: DEMAND January 13 February 12 March 16 April 13 May 17 June 16 a. Using a weighted moving av

erage with weights of 0.50 (June), 0.30 (May), and 0.20 (April), find the July forecast
Business
1 answer:
Korolek [52]3 years ago
4 0

Answer: 15.7 units

Explanation:

July forecast = (Weight of June * Demand in June) + (Weight of May * Demand in May) + (Weight of April * Demand in April)

= (0.5 * 16) + (0.3 * 17) + (0.2 * 13)

= 8 + 5.1 + 2.6

= 15.7 units

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