Question
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
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.
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