Question
The demand for a product over the past 8 months is given in the table below: Month Demand 1 20 2 24 3 28 4
The demand for a product over the past 8 months is given in the table below:
| Month | Demand |
|---|---|
| 1 | 20 |
| 2 | 24 |
| 3 | 28 |
| 4 | 32 |
| 5 | 36 |
| 6 | 40 |
| 7 | 44 |
| 8 | 48 |
Using the method of moving averages, forecast the demand for the next month (Month 9) using a 3-month moving average. Show all calculations and explain your reasoning.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
