Sales of hair dryers at the Walgreens stores in Youngstown, Ohio, over the past 4 months have been 100, 110, 120, and 130 units (with 130 being the most recent sales). Develop a moving-average forecast for next month, using these three techniques:

a) 3-month moving average.

b) 4-month moving average.

c) Weighted 4-month moving average with the most recent month weighted 4, the preceding month 3, then 2, and the oldest month weighted 1.

d) If next month’s sales turn out to be 140 units, forecast the following month’s sales (months) using a 4-month moving average.

Answer rating: 100% (QA)

a 3month moving average Sale of last 3 month respectively 110 120 13... View the full answer