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IN CLASS EXAMPLE 1 : SMA We will use the following customer - arrival data in this example. Table 1 table [ [ Month

IN CLASS EXAMPLE 1: SMA
We will use the following customer-arrival data in this example. Table 1
\table[[Month,Customer arrivals],[1,800],[2,740],[3,810],[4,790]]
a. Use a three-month moving average to forecast customer arrivals for month 5.
b. If the actual number of arrivals in month 5 is 805, what is the forecast for month 6?
c. Given the three-month moving average forecast for month 5, and the number of patients that actually arrived (805), what is the forecast error?
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