Question: A store owner needs to decide how much to order from its supplier of a certain product. In order to do that, he needs to

A store owner needs to decide how much to order from its supplier of a certain product. In order to do that, he needs to forecast the demand for the product for month 9. The demand for the first eight months is as follows:

 

MonthDemand
18
212
37
49
515
611
710
812

 

If the owner uses the 4-month moving average method, what is the expected demand for month 9?

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