Title
Operations Management - Demand Forecasting - Forecasting Techniques : Moving Average Method Video ExampleCreator
Bonnie Simmons and Memorial University. Centre for Innovation in Teaching and Learning (CITL)Description
Video demonstrating the solution to the demand forecasting example on moving average method.
Given the following information:
Weekly Actual demand data
A1 = 650, A2 = 678, A3 = 720.
Based on a 3-period Moving Average, what is F4?
Suppose now that the actual demand for week 4 turned out as A4 = 785. What would be your forecast F5?
What would be your forecast F5 if you were at the end of week 3 (and you don't know A 4?
Learning Design
Practice the moving average method example problem.
Describe trend forecasting and solve typical problems.Date Created
2017Format
Video/mp4Duration
04:57 minutes/seconds