Suppose you are working for a company that manufactures and sells laptops. The sales data from the
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Question:
Suppose you are working for a company that manufactures and sells laptops. The sales data from the past 8 quarters (i.e., 2 years) are given in the table below:
Quarter | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
---|---|---|---|---|---|---|---|---|
Sales | 50 | 65 | 75 | 85 | 100 | 120 | 135 | 150 |
You have been asked to forecast the sales for the next quarter (i.e., Quarter 9) using the moving average method with a window of 3. Calculate the forecasted value for Quarter 9 and provide a justification for your answer.
Related Book For
Applied Regression Analysis and Other Multivariable Methods
ISBN: 978-1285051086
5th edition
Authors: David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg
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