The Hammaker Company's newest product has had the following sales during its first five months: 5, 17,
Question:
a. Use the last-value method.
b. Use the averaging method.
c. Use the moving-average method with the three most recent months.
d. Given the sales pattern so far, do any of these methods seem inappropriate for obtaining the forecast? Why?
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Related Book For
Introduction to Management Science A Modeling and Cases Studies Approach with Spreadsheets
ISBN: 978-0078024061
5th edition
Authors: Frederick S. Hillier, Mark S. Hillier
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