Weighted Moving Average=

∑ ( ( Weight for period n ) ( Demand∈ period n ))

∑ Weights
' ' '
New forecast=Last perio d s forecast +∝( Last period s actual demand−Last period s forecast)

F t=F t −1 +∝( At −1−Ft −1)

Forecast error= A t−F t

MSE=
∑ (Forecast errors)
2

∑| Actuali −Forecast i|/ Actuali

i=1
MAPE=
n

Forecast including trend (FIT ¿¿ t)=Exponentially forecast average(F ¿¿ t )+ Exponentially smoothed trend (T ¿¿ t

F t=α ( Actu al demandlast period )+(1−α )(Forecast last period+Trend estimate last period)

F t=α ( At −1) +(1−α)( Ft −1+ T t −1)

T t=β ( Forecast this period−Forecast last period ) +(1−β)(Trend estimate last period )

T t=β ( F t−F t −1 ) +(1−β )T t−1