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Problem 18-3 (Algo) Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note,

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Problem 18-3 (Algo) 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. JAN FEB MAR APR MAY Last year 125 140 150 190 This year 140 150 170 205 200 225 230 260 JUN JUL AUG SEP 165 155 145 NOV DEC 225 250 275 Forecast for the third quarter

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