(Solved Homework): A local restaurant has recorded the demand for bottled water in each of the last…

A local restaurant has recorded the demand for bottled water in each of the last 15 months of business. Use the recorded demand data below to develop three-period and four period moving-average forecasts for bottles of water Round off al calculations to two decimal places. Maintaining two decimal places is required for all calculations. PeriodDemand Period Demand Period Demand 925 910 905 850 860 890 960 895 910 905 870 860 900 920 950 2 12 13 14 15 10 What is the forecast for period 16 using the three-period weighted method? (Weights are t-0.5,t1-0.4 and t-2-0.1) The final forecast for period 16 should be rounded off to the nearest whole number.) A. Less than or equal to 900 O B. Greater than 900 but less than or equal to 915 O C. Greater than 915 but less than or equal to 930 D. Greater than 930 but less than or equal to 945 E. Greater than 945

A local restaurant has recorded the demand for bottled water in each of the last 15 months of business. Use the recorded demand data below to develop three-period and four- period moving-average forecasts for bottles of water. Round off all calculations to two decimal places. Maintaining two decimal places is required for all calculations. What is the forecast for period 16 using the three-period weighted method? (Weights are t = 0.5, t – 1 = 0.4, t – 2 = 0.1) (The final forecast for period 16 should be rounded off to the nearest whole number) A. Less than or equal to 900 B. Greater than 900 but less than or equal to 915 C. Greater than 915 but less than or equal to 930 D. Greater than 930 but less than or equal to 945 E. Greater than 945

Expert Answer

Answer

Forecast of period 16=900*0.5+920*0.4+950*0.1=913

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So the answer is B.

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