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Consider the demand for some product over the last 12 periods. The data has been collected in the Microsoft Excel Online file below. Use the
Consider the demand for some product over the last 12 periods. The data has been collected in the Microsoft Excel Online file below. Use the Microsoft Excel Online file below to develop the four-period moving average forecast and answer the following question.
Moving Average Forecast (4 periods) | ||
Period | Actual Demand | Forecast |
1 | 1,300 | |
2 | 2,100 | |
3 | 1,900 | |
4 | 1,500 | |
5 | 2,400 | |
6 | 3,800 | |
7 | 3,100 | |
8 | 3,000 | |
9 | 3,800 | |
10 | 4,600 | |
11 | 4,200 | |
12 | 4,500 | |
13 |
1. Calculate the forecast for the periods from 5 to 13 using a four-period simple moving average. Do not round intermediate calculations. Round your answers to the nearest whole number.
Period | Forecast |
5 | |
6 | |
7 | |
8 | |
9 | |
10 | |
11 | |
12 | |
13 |
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