Given the following data:
Period
Number of Complaints
1
60
2
65
3
55
4
58
5
64
6
62
Prepare a forecast for period 7 using each of these approaches:
a. The appropriate naive approach.
b. A three-period moving average.
c. A weighted average using weights of .50 (most recent), .30, and .20.
d. Exponential smoothing with a smoothing constant of .40.
https://www.ted.com/talks/alan_amling_the_future_o…
MGMT 331 (operation management) forecast
