BMIP 4513 Forecasting Methods Assignment: Demand Prediction Analysis Using Alpha-Based Models (α=0.1 & α=0.4)

School

Universiti Teknikal Malaysia Melaka (UTeM)

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Assignment Type

Individual Assignment

Subject

BMIP 4513 Industrial Engineering

Uploaded by Malaysia Assignment Help

Date

07/02/2025

QUESTION 1

 Refering to the Table 1 below, determine the best forecasting methods to forecast week 5 until week 20 by evaluating any FOUR forecasting methods. The alpha value is known to be 0.1.

Table 1:  Demand from week 1 until week 20

Week 1 2 3 4 5 6 7 8 9 10
Demand 100 120 123 105 350 240 210 180 134 160
Week
Week 11 12 13 14 15 16 17 18 19 20
Demand 90 280 180 150 130 380 105 170 210 200

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QUESTION 2

 Refering to the Table 1 below, determine the best forecasting methods to forecast week 4 until week 20 by evaluating any FOUR forecasting methods. The alpha value is known to be 0.4. The forecasting value for week 3 is known to be 30 units.

Table 1:  Demand from week 1 until week 20

Week 1 2 3 4 5 6 7 8 9 10
Demand 90 50 20 60 80 120 40 30 30 70
Week
Week 11 12 13 14 15 16 17 18 19 20
Demand 50 80 70 80 90 20 30 30 40 50

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