The demand for a product over the past 8 months is given in the table below: Month
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Question:
The demand for a product over the past 8 months is given in the table below:
Month | Demand |
---|---|
1 | 20 |
2 | 24 |
3 | 28 |
4 | 32 |
5 | 36 |
6 | 40 |
7 | 44 |
8 | 48 |
Using the method of moving averages, forecast the demand for the next month (Month 9) using a 3-month moving average. Show all calculations and explain your reasoning.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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