ABC Corporation is trying to forecast the demand for its product for the next 6 months using
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Question:
ABC Corporation is trying to forecast the demand for its product for the next 6 months using the moving average method. The company has collected the following data for the past 12 months:
Month | Demand |
---|---|
1 | 320 |
2 | 310 |
3 | 300 |
4 | 340 |
5 | 360 |
6 | 380 |
7 | 400 |
8 | 420 |
9 | 430 |
10 | 440 |
11 | 460 |
12 | 480 |
Using a 3-month moving average, forecast the demand for the next 6 months.
Related Book For
Operations Management in the Supply Chain Decisions and Cases
ISBN: 978-0073525242
6th edition
Authors: Roger Schroeder, M. Johnny Rungtusanatham, Susan Goldstein
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