Question
A food processor uses a moving average to forecast next month's demand. Past actual demand is shown in the following table. Month 1 2 3
A food processor uses a moving average to forecast next month's demand. Past actual demand is shown in the following table.
Month
1
2
3
4
5
6
7
8
Actual demand
105
106
110
110
114
121
130
128
Required;
A)Compute a simple five month moving average to forecast demand formonth 9
B)Compute a simple sixmonth moving average to forecast demand formonth 9
C)Compute a simple five month moving average to forecast demand formonth 10 if the actual demand for month 9 is 123
D)Compute a simple five month moving average to forecast demand formonth 11 if the actual demand for month 10 is 130
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