Question: Problem 4: Using the data below: Period 1 2 3 Sales 101 113 110 122 134 4 5 6 146 a) Find the forecast for

Problem 4: Using the data below: Period 1 2 3

Problem 4: Using the data below: Period 1 2 3 Sales 101 113 110 122 134 4 5 6 146 a) Find the forecast for period 7 based on a three-period moving average. b) Find the forecast for period 7 based on a five-period moving average. c) Find the forecast for period 2 using the nave method. d) Find the forecast for period 7 based on a four-period weighted moving average using the following weights: 0.5 1 period prior 2 periods prior 3 periods prior 4 periods prior 0.25 0.17 0.08

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