Problem 18-3 (Algo) Given the following history, use a three-quarter moving average to forecast the demand...
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Problem 18-3 (Algo) Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note, the 1st quarter is Jan, Feb, and Mar; 2nd quarter Apr, May, Jun; 3rd quarter Jul, Aug, Sep; and 4th quarter Oct, Nov, Dec. JAN FEB MAR APR Last year This year 120 140 140 150 180 190 220 165 155 MAY JUN JUL AUG SEP NOV DEC 145 220 235 270 150 155 200 200 230 160 Forecast for the third quarter 166.6 170 Problem 18-3 (Algo) Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note, the 1st quarter is Jan, Feb, and Mar; 2nd quarter Apr, May, Jun; 3rd quarter Jul, Aug, Sep; and 4th quarter Oct, Nov, Dec. JAN FEB MAR APR Last year This year 120 140 140 150 180 190 220 165 155 MAY JUN JUL AUG SEP NOV DEC 145 220 235 270 150 155 200 200 230 160 Forecast for the third quarter 166.6 170
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