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Problem:

Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEAR ACTUAL DEMAND FORECAST
1 111 100
2 123
3 234
4 324
5 345

Solution:
YEAR ACTUAL DEMAND FORECAST(Nave) FORECAST (Simple Mean)

1 111 100 100


2 123 111 111
3 234 123 117
4 324 234 156
5 345 324 198
nd Exponential Smothing Average Method
ts will be followed: most recent year (0.6), year prior to that (.4)

FORECAST (Weighted Moving Average) FORECAST (Exponential Smoothing)

100 100
111 104.4
123 111.84
118.2 160.704
189.6 226.0224
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEAR ACTUAL DEMAND FORECAST
1 116 102
2 132
3 143
4 153
5 167

Solution:
YEAR ACTUAL DEMAND FORECAST(Nave) FORECAST (Simple Mean)

1 116 102 102


2 132 116 116
3 143 132 124
4 153 143 130.3333333333
5 167 153 136
ntial Smothing Average Method
ollowed: most recent year (0.6), year prior to that (.4)

FORECAST (Weighted Moving Average) FORECAST (Exponential Smoothing)

102 102
116 107.6
132 117.36
125.6 127.616
138.6 137.7696
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 205 203
2 212
3 232
4 245
5 256

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 205 203 203 203 203


2 212 205 205 205 203.8
3 232 212 208.5 212 207.08
4 245 232 216.3333 209.2 217.048
5 256 245 223.5 224 228.2288
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 213 211
2 234
3 278
4 289
5 300

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 213 211 211 211 211


2 234 213 213 213 211.8
3 278 234 223.5 234 220.68
4 289 278 241.6667 225.6 243.608
5 300 289 253.5 260.4 261.7648
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 244 215
2 267
3 287
4 296
5 301

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 244 215 215 215 215


2 267 244 244 244 226.6
3 287 267 255.5 267 242.76
4 296 287 266 257.8 260.456
5 301 296 273.5 279 274.6736
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 312 311
2 325
3 342
4 351
5 363

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 312 311 311 311 311


2 325 312 312 312 311.4
3 342 325 318.5 325 316.84
4 351 342 326.3333 319.8 326.904
5 363 351 332.5 335.2 336.5424
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 455 345
2 475
3 480
4 489
5 501

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 455 345 345 345 345


2 475 455 455 455 389
3 480 475 465 475 423.4
4 489 480 470 467 446.04
5 501 489 474.75 478 463.224
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 284 246
2 289
3 299
4 306
5 311

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 284 246 246 246 246


2 289 284 284 284 261.2
3 299 289 286.5 289 272.32
4 306 299 290.6667 287 282.992
5 311 306 294.5 295 292.1952
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 678 567
2 698
3 709
4 723
5 758

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 678 567 567 567 567


2 698 678 678 678 611.4
3 709 698 688 698 646.04
4 723 709 695 690 671.224
5 758 723 702 704.6 691.9344
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 690 634
2 734
3 756
4 789
5 800

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 690 634 634 634 634


2 734 690 690 690 656.4
3 756 734 712 734 687.44
4 789 756 726.6667 716.4 714.864
5 800 789 742.25 747.2 744.5184
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 1345 1045
2 1354
3 1389
4 1390
5 1401

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 1345 1045 1045 1045 1045


2 1354 1345 1345 1345 1165
3 1389 1354 1349.5 1354 1240.6
4 1390 1389 1362.667 1350.4 1299.96
5 1401 1390 1369.5 1375 1335.976
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 356 345
2 378
3 390
4 399
5 407

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 356 345 345 345 345


2 378 356 356 356 349.4
3 390 378 367 378 360.84
4 399 390 374.6667 369.2 372.504
5 407 399 380.75 385.2 383.1024
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 900 897
2 933
3 945
4 950
5 961

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 900 897 897 897 897


2 933 900 900 900 898.2
3 945 933 916.5 933 912.12
4 950 945 926 919.8 925.272
5 961 950 932 940.2 935.1632
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 805 802
2 813
3 828
4 834
5 845

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 805 802 802 802 802


2 813 805 805 805 803.2
3 828 813 809 813 807.12
4 834 828 815.3333 809.8 815.472
5 845 834 820 822 822.8832
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 589 567
2 595
3 603
4 611
5 621

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 589 567 567 567 567


2 595 589 589 589 575.8
3 603 595 592 595 583.48
4 611 603 595.6667 592.6 591.288
5 621 611 599.5 599.8 599.1728
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 467 444
2 489
3 494
4 500
5 511

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 467 444 444 444 444


2 489 467 467 467 453.2
3 494 489 478 489 467.52
4 500 494 483.3333 480.2 478.112
5 511 500 487.5 492 486.8672
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 370 359
2 381
3 394
4 400
5 413

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 370 359 359 359 359


2 381 370 370 370 363.4
3 394 381 375.5 381 370.44
4 400 394 381.6667 376.6 379.864
5 413 400 386.25 388.8 387.9184
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 659 645
2 684
3 693
4 700
5 708

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 659 645 645 645 645


2 684 659 659 659 650.6
3 693 684 671.5 684 663.96
4 700 693 678.6667 674 675.576
5 708 700 684 689.4 685.3456
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 905 890
2 925
3 947
4 960
5 971

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 905 890 890 890 890


2 925 905 905 905 896
3 947 925 915 925 907.6
4 960 947 925.6667 917 923.36
5 971 960 934.25 938.2 938.016
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 2120 2115
2 2134
3 2145
4 2159
5 2167

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 2120 2115 2115 2115 2115


2 2134 2120 2120 2120 2117
3 2145 2134 2127 2134 2123.8
4 2159 2145 2133 2128.4 2132.28
5 2167 2159 2139.5 2140.6 2142.968
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 800 790
2 834
3 847
4 869
5 875

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 800 790 790 790 790


2 834 800 800 800 794
3 847 834 817 834 810
4 869 847 827 820.4 824.8
5 875 869 837.5 841.8 842.48
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 501 490
2 516
3 537
4 545
5 564

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 501 490 490 490 490


2 516 501 501 501 494.4
3 537 516 508.5 516 503.04
4 545 537 518 510 516.624
5 564 545 524.75 528.6 527.9744
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 911 902
2 926
3 934
4 945
5 967

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 911 902 902 902 902


2 926 911 911 911 905.6
3 934 926 918.5 926 913.76
4 945 934 923.6667 920 921.856
5 967 945 929 930.8 931.1136
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 1010 1006
2 1026
3 1035
4 1038
5 1043

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 1010 1006 1006 1006 1006


2 1026 1010 1010 1010 1007.6
3 1035 1026 1018 1026 1014.96
4 1038 1035 1023.667 1019.6 1022.976
5 1043 1038 1027.25 1031.4 1028.986
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 21123 21100
2 21131
3 21145
4 21159
5 21167

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 21123 21100 21100 21100 21100


2 21131 21123 21123 21123 21109.2
3 21145 21131 21127 21131 21117.92
4 21159 21145 21133 21127.8 21128.75
5 21167 21159 21139.5 21139.4 21140.85
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 3220 3200
2 3234
3 3240
4 3251
5 3267

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 3220 3200 3200 3200 3200


2 3234 3220 3220 3220 3208
3 3240 3234 3227 3234 3218.4
4 3251 3240 3231.333 3228.4 3227.04
5 3267 3251 3236.25 3237.6 3236.624
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 478 445
2 489
3 500
4 512
5 516

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 478 445 445 445 445


2 489 478 478 478 458.2
3 500 489 483.5 489 470.52
4 512 500 489 484.6 482.312
5 516 512 494.75 495.6 494.1872
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 505 500
2 513
3 518
4 523
5 530

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 505 500 500 500 500


2 513 505 505 505 502
3 518 513 509 513 506.4
4 523 518 512 509.8 511.04
5 530 523 514.75 516 515.824
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 523 515
2 534
3 546
4 550
5 561

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 523 515 515 515 515


2 534 523 523 523 518.2
3 546 534 528.5 534 524.52
4 550 546 534.3333 529.6 533.112
5 561 550 538.25 541.2 539.8672
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 621 610
2 634
3 645
4 650
5 657

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 621 610 610 610 610


2 634 621 621 621 614.4
3 645 634 627.5 634 622.24
4 650 645 633.3333 628.8 631.344
5 657 650 637.5 640.6 638.8064
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 660 650
2 678
3 698
4 713
5 745

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 660 650 650 650 650


2 678 660 660 660 654
3 698 678 669 678 663.6
4 713 698 678.6667 670.8 677.36
5 745 713 687.25 690 691.616
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 812 800
2 823
3 834
4 845
5 867

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 812 800 800 800 800


2 823 812 812 812 804.8
3 834 823 817.5 823 812.08
4 845 834 823 818.6 820.848
5 867 845 828.5 829.6 830.5088
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 423 400
2 435
3 456
4 478
5 489

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 423 400 400 400 400


2 435 423 423 423 409.2
3 456 435 429 435 419.52
4 478 456 438 430.2 434.112
5 489 478 448 447.6 451.6672
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 1045 1000
2 1056
3 1078
4 1090
5 1100

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 1045 1000 1000 1000 1000


2 1056 1045 1045 1045 1018
3 1078 1056 1050.5 1056 1033.2
4 1090 1078 1059.667 1051.6 1051.12
5 1100 1090 1067.25 1069.2 1066.672
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 267 250
2 289
3 300
4 309
5 315

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 267 250 250 250 250


2 289 267 267 267 256.8
3 300 289 278 289 269.68
4 309 300 285.3333 280.2 281.808
5 315 309 291.25 295.6 292.6848
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 578 555
2 585
3 596
4 600
5 613

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 578 555 555 555 555


2 585 578 578 578 564.2
3 596 585 581.5 585 572.52
4 600 596 586.3333 582.2 581.912
5 613 600 589.75 591.6 589.1472
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 890 887
2 895
3 900
4 905
5 910

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 890 887 887 887 887


2 895 890 890 890 888.2
3 900 895 892.5 895 890.92
4 905 900 895 893 894.552
5 910 905 897.5 898 898.7312
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 665 654
2 678
3 689
4 700
5 712

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 665 654 654 654 654


2 678 665 665 665 658.4
3 689 678 671.5 678 666.24
4 700 689 677.3333 672.8 675.344
5 712 700 683 684.6 685.2064
ng Average Method
st recent year (0.6), year prior to that (.4)
Problem:
Solve using Nave, Simple Mean, Weighted Moving Average and Exponential Smothing Average Method
Note: For the weighted average method, the following weights will be followed: most recent year (0.6), year prior to
For the exponential smoothing method, the value of alpha is 0.4

Given:
YEARACTUAL DEMAND
FORECAST
1 214 209
2 218
3 224
4 228
5 307

Solution:
YEARACTUAL DEMAND
FORECAST(Nave)
FORECAST
FORECAST
(Simple
(Weighted
FORECAST
Mean) Moving
(Exponential
Average)
Smoothing)

1 214 209 209 209 209


2 218 214 214 214 211
3 224 218 216 218 213.8
4 228 224 218.6667 216.4 217.88
5 307 228 221 221.6 221.928
ng Average Method
st recent year (0.6), year prior to that (.4)