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?

Answer rating: 100% (QA)

Solution There are following Demand of last 8 ... View the full answer