- Question 4 Demand Forecasting 20 Points Please Provide Answers For The Short Questions Bellow 4 1 Why Is It Import 1 (29.44 KiB) Viewed 27 times
Question 4: Demand forecasting (20 Points): Please provide answers for the short questions bellow; 4.1. Why is it important to forecast demand from network/supply chain design perspective? Explain (300 words max) (5 points)
4.2. Please describe short-term and long-term demand forecasting methods. Compare and contrast (strengths and weaknesses) two demand-forecasting methods for both long and short term forecasting (5 points)
4.3. For the neural network below complete one iteration and calculate output Y for X1=1, X2=2, X3=3. Please also calculate prediction error, if real value of Y is 2. (10 points) X1 0.1 0.2 0.2 X2 0.3 0.2 -0.4 Output=Y 0.4 -0.1 0.5 0.1 0.3 ХЗ 0.6