Question: Read the scenario below and answer the questions 1. Given the following demand for cars for the last six periods given. Period (Month) Sales (in

Read the scenario below and answer the questions

1. Given the following demand for cars for the last six periods given.

Period (Month) Sales (in Number)

1 700

2 855

3 650

4 955

5 845

6 750

a. Compute a three-period moving average forecast for period 7.

b. If actual sales for period 7 turn out to be 880, then find out the forecast for period 8.

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