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Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note, the 1st quarter is
Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note, the 1st quarter is Jan, Feb, and Mar; 2nd quarter Apr, May, Jun; 3rd quarter Jul, Aug, Sep; and 4th quarter Oct, Nov, Dec.
\begin{tabular}{lllllllllllll} & JAN & FEB & MAR & APR & MAY & JUN & JUL & AUG & SEP & OCT & NOV & DEC \\ Last year & 125 & 145 & 155 & 195 & 205 & 225 & 170 & 160 & 150 & 225 & 250 & 265 \\ This year & 145 & 155 & 140 & 215 & 230 & 220 & & & & & & \end{tabular} Forecast for the third quarter
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