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Simple Moving Average Forecast Compute the sales forecast for the month of January 2023 using the Simple Moving Average forecasting technique and the last 12

Simple Moving Average Forecast

Compute the sales forecast for the month of January 2023 using the Simple Moving Average forecasting technique and the last 12 months of data from 2022:

Monthly sales for the RUOK Company for the last 12 months are as follows:

MONTH

ACTUAL SALES

January 2022

140,240

February 2022

116,554

March 2022

78,225

April 2022

63,053

May 2022

17,467

June 2022

122,405

July 2022

16,975

August 2022

41,862

September 2022

57,281

October 2022

73,815

November 2022

33,786

December 2022

79,837

MONTH

FORECAST

January 2023

??,???

Simple Moving Average Forecast

Compute the sales forecast for the month of January 2023 using the Simple Moving Average forecasting technique and the last 12 months of data from 2022:

Monthly sales for the RUOK Company for the last 12 months are as follows:

MONTH

ACTUAL SALES

January 2022

140,240

February 2022

116,554

March 2022

78,225

April 2022

63,053

May 2022

17,467

June 2022

122,405

July 2022

16,975

August 2022

41,862

September 2022

57,281

October 2022

73,815

November 2022

33,786

December 2022

79,837

MONTH

FORECAST

January 2023

??,???

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