Question: Based on the monthly demand for a product given in the following table, forecast the demand for May 23 by using the naive approach, 2-

Based on the monthly demand for a product given in the following table, forecast the demand for May 23 by using the naive approach, 2- and 3-month moving averages.

Based on the monthly demand for a product given in the following

what is the

naive aproach:

2-month moving average:

3-month moving average:

\begin{tabular}{|l|c|c|c|c|c|c|} \hline Month & November 22 & December 22 & January 23 & February 23 & March 23 & April 23 \\ \hline Demand & 95 & 95 & 108 & 118 & 97 & 115 \\ \hline \end{tabular}

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