The Hammaker Companys newest product has had the following sales during its first five months: 5 17
Question:
(a) Use the last-value method.
(b) Use the averaging method.
(c) Use the moving-average method with the 3 most recent months.
(d) Given the sales pattern so far, do any of these methods seem inappropriate for obtaining the forecast? Why?
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Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
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