Question: In a time series data, last 4 weeks sales values, in the order of most recent to oldest are $29, $30, $28 and $26. What

In a time series data, last 4 weeks sales values, in the order of most recent to oldest are $29, $30, $28 and $26. What is the sales forecast for the 5th week using the 3 weeks moving average time series forecasting model?

a. 29.25

b.28

c. 30

d. 29

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!