Consider the quarterly data below:



a. Use intuition and judgment to estimate quarterly demand for the fourth year.









b. Now use a three-period moving average to forecast year 4. Are any of the quarterly forecasts different from what you thought you would get in part (a)?


 

Transcribed Image Text:

QUARTER YEAR 1 YEAR 2 YEAR 3 1 3,000 3,300 3,502 1,700 2,100 2,448 3 900 1,500 1,768 4 4,400 5,100 5,882 Total 10,000 12,000 13,600 2. QUARTER YEAR 1 YEAR 2 YEAR 3 1 3,000 3,300 3,502 1,700 2,100 2,448 3 900 1,500 1,768 4 4,400 5,100 5,882 Total 10,000 12,000 13,600 2.

Answer rating: 100% (QA)

We must use our intuition and when we judge we must be selfaware enough to recognize that is what we ... View the full answer