What is the forecast for May and Mean Absolute Deviation based on a weighted moving average applied to the following past demand data and using the weights: 4, 3, 2 (the largest weight is for most recent data)? Nov. Dec. Jan. Feb. Mar. April 37 36 40 46 47 43
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The weighted moving average for May is calculated as follows: ``` (4 * 43) + (3 * 47) + (2 * 46) / (4 + 3 + 2) = 44.33 ``` Therefore, the forecast for May is 44.33. Show more…
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