Question: Use the following table for the next three questions. Given the following data on the number of pints of ice cream sold at a local
Use the following table for the next three questions. Given the following data on the number of pints of ice cream sold at a local ice cream store for a 6-period time frame:

51) Use a 2-period moving average to forecast demand for period 7.
A) 227.5
B) 275
C) 280
D) 290
52) Use a 3-period moving average to forecast demand for period 7.
A) 283.33
B) 280
C) 290
D) 310
53) If the forecast for period 5 is equal to 275, use exponential smoothing to compute a forecast for period 7 if = .40.
A) 273
B) 277
C) 267.8
D) 286.2
\begin{tabular}{cc} \hline Period & Demand \\ \hline 1 & 200 \\ 2 & 245 \\ 3 & 190 \\ 4 & 270 \\ 5 & 280 \\ 6 & 300 \end{tabular}
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