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In Problems 5 17 and 5 18 three different fore casts were developed

In Problems 5-17 and 5-18, three different fore-casts were developed for the demand for fertilizer. These three forecasts are a 3-year moving average, a weighted moving average, and a trend line. Which one would you use? Explain your answer.

In Problems 5-17, Data collected on the yearly demand for 50- pound bags of fertilizer at Wallace Garden Supply are shown in the following table. Develop a 3-year moving average to forecast sales. Then estimate demand again with a weighted moving average in which sales in the most recent year are given a weight of 2 and sales in the other 2 years are each given a weight of

Demand for Fertilizer

Year (1,000s of Ba gs)

1 ........... 4

2 ........... 6

3 ........... 4

4 ........... 5

5 ........... 10

6 ........... 8

7 ........... 7

8 ........... 9

9 ........... 12

10 .......... 14

11 .......... 15

In Problems 5-17, Data collected on the yearly demand for 50- pound bags of fertilizer at Wallace Garden Supply are shown in the following table. Develop a 3-year moving average to forecast sales. Then estimate demand again with a weighted moving average in which sales in the most recent year are given a weight of 2 and sales in the other 2 years are each given a weight of

Demand for Fertilizer

Year (1,000s of Ba gs)

1 ........... 4

2 ........... 6

3 ........... 4

4 ........... 5

5 ........... 10

6 ........... 8

7 ........... 7

8 ........... 9

9 ........... 12

10 .......... 14

11 .......... 15

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