Assignment 2

Work out individually with correct steps

1. The monthly demands for an office furniture (in units) are given in Table below.
Moth(t) 1 2 3 4 5 6 7 8 9 10 11 12
Demand 600 628 670 735 809 870 800 708 842 870 739 -
(At)
a) Forecast the demand using 3-period and 5-period moving average for the 12th
month. Also, show the variation in forecasting graphically.
b) Using the data shown in Table, forecast the demand for the periods with the three-
period WMA method. The most recent data should be given 50 per cent
weightage, second year past data, 30 per cent, and third year past data, 20 per
cent. Also, compare the result with the result of three-period MA graphically
c) Using the data shown in Table, forecast the demand for the periods using the
exponential smoothing method (α = 0.3 and α = 0.5). Also, compare the results
graphically
d) Using the data shown in Table, forecast the demand for the periods with
trend (adjusted exponential smoothing method) (α = 0.5 and b = 0.3). Also,
compare the result graphically with simple exponential smoothing (α = 0.5).
2. The weekly demands of a motorcycle by a retailer are shown in Table below. Find an
equation of the regression line and estimate the demand for the 14th week. Also correlate
and find r