Question: Apply the 3-years moving average method to forecast the required demand for the year 2021 from the following historical data. Years 2012 2013 2014 2015

Apply the 3-years moving average method to forecast the required demand for the year 2021 from the following historical data.

Years

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

Demand

245

325

300

350

295

400

450

380

500

?

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