Title
Operations Management - Demand Forecasting - Forecasting Techniques : Weighted 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 using the weighted moving average method.
Based on a 3-week weighted moving average, calculate a forecast for week 4 (F4) :
A1 = 650, A2 = 678, A3 = 720.
Weights : w1 = 0.5, w2 = 0.3, w3 = 0.2 (highest weight to most recent period)
Learning Design
Practice the weighted moving average method example problem.
Describe trend forecasting and solve typical problems.Date Created
2017Format
Video/mp4Duration
03:42 minutes/seconds