Question
The following data represent a set of demands that have occurred over the last several years at soap-making company. The data have been collected on
The following data represent a set of demands that have occurred over the last several years at soap-making company. The data have been collected on an annual basis.
Year
Actual demand (At)
Forecast (Ft)
1
310
2
365
3
395
4
415
5
450
6
465
7
Use
a.the simple average method
b.the simple moving average method
to predict the demand for the 7th year.
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International Business
Authors: John Daniels, Lee Radebaugh, Daniel Sullivan
16th edition
134200055, 978-0134201542, 013420154X, 978-0134200057
