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Consider the following monthly sales data for a company: Using the method of moving averages over 5 months, how does the predicted value compare with
Consider the following monthly sales data for a company:
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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