Question: List of formulas: Simple moving average method: Ft+1 = (Dt + Dt-1 + Dt-2 + + Dt-n+1)/n Weighted moving average method: Ft+1 = W1D1 +

List of formulas:

  • Simple moving average method: Ft+1 = (Dt + Dt-1 + Dt-2 + + Dt-n+1)/n
  • Weighted moving average method: Ft+1 = W1D1 + W2D2 + + WnDt-n+1
  • Exponential smoothing method: Ft+1 = Ft + (Dt Ft)

Demands for a newly developed salad bar at the PQR restaurant for the first four months of this year are shown in the table below. Round to three decimal places.

---------------------------------- Month Demand ---------------------------------- January 67 February 58 March 71 April 65 ----------------------------------

Use the problem statement and table to answer the questions below.

Question:

What is the forecast for May if the two-month moving average method is used?

A. 64.600

B. 67.294

C. 68.000

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