Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Management Concepts and Cases Competitiveness and Globalization

Authors: Michael A. Hitt, R. Duane Ireland, Robert E. Hoskisson

12th edition

1305502140, 9781473745179, 1305502205, 9781305502147, 1473745179, 978-1305502208

More Books

Students also viewed these General Management questions