Monthly sales for the RUOK Company for the last 6 months are as follows: Compute the sales
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Question:
Monthly sales for the RUOK Company for the last 6 months are as follows: Compute the sales forecast for July using the following approaches:
Month Units
January 18,000
February 22,000
March 16,000
April 18,000
May 20,000
- June 24,000 4 month simple moving average
- 4 month weighted moving average using 0.4 for the previous month, 0.3 for 2 months prior, 0.2 for 3 months prior and 0.1 for 4 months prior.
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