Question: 1) What is the forecast for May using a three-month moving average? (Round your answer to two decimal places ) Nov. Dec. Jan. Feb. Mar.

1) What is the forecast for May using a three-month moving average? (Round your answer to two decimal places)

Nov.

Dec.

Jan.

Feb.

Mar.

April

39

36

40

42

48

43

2) If the time series data has a significant upward trend, the weighted moving average method tends to ______ the actual quantity.

overestimate

underestimate

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