Consider the following monthly sales data for a company:

Jan-2015 147772

Feb-2015 144335

Mar-2015 163943

Apr-2015 169634

May-2015 175371

Jun-2015 174825

Jul-2015 176995

Aug-2015 176208

Sep-2015 170202

Oct-2015 175510

Nov-2015 180364

Dec-2015 217629

Jan-2016 154400

Feb-2016 155596

Mar-2016 183782

Apr-2016 181209

May-2016 186359

Jun-2016 189244

Jul-2016 184978

Aug-2016 192925

Using the method of moving averages over 5 months, how does the predicted value compare with the actual value for July 2016?

a) The predicted value is between5,000-6,000units higher than theactual value.

b) The actual value is between5,000-6,000units higher than the predicted value.

c) The actual value is between 500-1000 units above the predicted value.

d) The actual value is 500-1000 units below the predicted value.