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A company wants to forecast demand using the simple moving average. They have sales data for the last three years i . e . for
A company wants to forecast demand using the simple moving average. They have sales data for the last three years ie for and How would they forecast sales?
Create a model using linear regression from data available
Use a weighted average with more weight to sales, second most to and least to sales
Forecast for would be an average of the last three years sales.
Ask experts to look at the past sales data and use their judgement to predict sales
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