Question: Below is a table containing data on product demand for the most recent five months along with the forecasts that had been made for those
Below is a table containing data on product demand for the most recent five months along with the forecasts that had been made for those 5 previous months. Use the 3-period simple moving average method to forecast the number of sales to expect next month.
| Month | Demand | Forecast |
| 1 | 308 | 341 |
| 2 | 388 | 343.3 |
| 3 | 344 | 364.7 |
| 4 | 400 | 346.7 |
| 5 | 341 | 377.3 |
Part 2.
Below is a table containing data on product demand for the most recent five months along with the forecasts that had been made for those 5 previous months. Use the 3-period weighted moving average method to forecast the number of sales to expect next month. Use the following weights: 0.4 for the most recent, 0.3 for the 2nd most recent, and 0.3 for the 3rd most recent.
| Month | Demand | Forecast |
| 1 | 308 | 337 |
| 2 | 388 | 341.4 |
| 3 | 344 | 368 |
| 4 | 400 | 342.8 |
| 5 | 341 | 378.4 |
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