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:
| Month | Demand |
| 1 | 8 |
| 2 | 12 |
| 3 | 7 |
| 4 | 9 |
| 5 | 15 |
| 6 | 11 |
| 7 | 10 |
| 8 | 12 |
If the owner uses the 4-month moving average method, what is the expected demand for month 9?
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