Question: The scenario is below and answer the questions 1. Given the following demand for cars for the last six periods given. Period (Month) = 1,

The scenario is below and answer the questions 1. Given the following demand for cars for the last six periods given.

Period (Month) = 1, 2, 3, 4, 5, 6

Sales (Number) = 700, 855, 650, 955, 845, 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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