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A zoo would like to forecast the number of animals that will be born in 2006. Historical data is as follows: Animals Born Year 2001
A zoo would like to forecast the number of animals that will be born in 2006. Historical data is as follows: Animals Born Year 2001 40 2002 30 2003 45 2004 60 2005 55 34. What is the forecast for 2006 if a 3-year moving average is used? A. 51.33 B. 52.33 C. 53.33 D. 54.33 35. What is the forecast for 2006 if a 3-year weighted moving average is used? Use .5 for the oldest, .3 for the next oldest, and .2 for the most recent. A 51.50 B 52.50 C 53.50 D. 54.50
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