Question: A store owner needs to decide how much to order from its supplier of a certain product. In order to do that, he needs to

A store owner needs to decide how much to order from its supplier of a certain product. In order to do that, he needs to forecast the demand for the product for month 9. The demand for the first eight months is as follows:

Month Demand
1 8
2 12
3 7
4 9
5 15
6 11
7 10
8 12

If the owner uses the 4-month moving average method, what is the expected demand for month 9?

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