Given the following history, use a three-quarter moving average to forecast the demand for the third...
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Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note, the 1st quarter is Jan, Feb, and Mar; 2nd quarter Apr, May, Jun; 3rd quarter Jul, Aug, Sep; and 4th quarter Oct, Nov, Dec. Last year 125 This year JAN FEB 140 140 150 MAR APR MAY JUN 150 190 200 225 170 205 230 260 JUL AUG SEP NOV DEC 165 155 145 225 250 275 > Answer is complete but not entirely correct. Forecast for the third 186 X quarter Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note, the 1st quarter is Jan, Feb, and Mar; 2nd quarter Apr, May, Jun; 3rd quarter Jul, Aug, Sep; and 4th quarter Oct, Nov, Dec. Last year 125 This year JAN FEB 140 140 150 MAR APR MAY JUN 150 190 200 225 170 205 230 260 JUL AUG SEP NOV DEC 165 155 145 225 250 275 > Answer is complete but not entirely correct. Forecast for the third 186 X quarter
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