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Given the following demand numbers, create a forecast for April through January of the following year. The forecast demand for a time period is the
Given the following demand numbers, create a forecast for April through January of the following year. The forecast demand for a time period is the average of the previous three time periods. This is called a three-period moving average.
The following table contains the demand numbers and the forecast. Use Excel to calculate the values in the Forecast column. You will need to copy and paste the information highlighted in yellow into an excel spreadsheet. A spreadsheet without formulas will not receive any credit.
Month | Demand | Forecast |
January | 119 | |
February | 72 | |
March | 113 | |
April | 82 | 101 |
May | 82 | 89 |
June | 131 | 92 |
July | 111 | 98 |
August | 116 | 108 |
September | 89 | 119 |
October | 95 | 105 |
November | 88 | 100 |
December | 90 | 91 |
January | 91 |
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