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Question 1 Problem 1. The demand for an item is observed for 15 months and recorded below: Month Actual Demand 3monthly moving 4 monthly moving

Question 1

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Problem 1. The demand for an item is observed for 15 months and recorded below: Month Actual Demand 3monthly moving 4 monthly moving average average 280 288 266 295 302 310 303 328 309 315 320 13 332 14 310 15 308 16 320 ? Requirements: 1. Calculate 3 monthly and 4 monthly moving averages 2. What is the forecast for the month 16" for each. 3. Graph and compare the 3 forecast (actual demand, 3montly and 4 monthly averages)

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