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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