Question: 3 IPC's plant estimates weekly demand for its many materials held in inventory. One such part, the CTR 5922, is being studied. The most recent

3 IPC's plant estimates weekly demand for its

3 IPC's plant estimates weekly demand for its many materials held in inventory. One such part, the CTR 5922, is being studied. The most recent 12 weeks of demand for the CTR 5922 are: JCLO3: 2 Marks) Demand (units) 169 Week 4 Week 1 2 3 Demand (units) 171 163 157 Week 7 8 9 Demand (units) 213 175 178 Week 10 11 12 Demand (units) 158 188 169 227 5 6 176 Use the moving average method of short-range forecasting with an averaging period of three weeks to develop a forecast of the demand for the CTR 5922 component in Week 13. (2 Marks)

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