Question
The Lunch Depot uses a three-week moving average time series approach to forecast lunch sales. If sales for the past five weeks were: Week 1:
The Lunch Depot uses a three-week moving average time series approach to forecast lunch sales. If sales for the past five weeks were:
Week 1: $2,200
Week 2:$2,400
Week 3: $2,000
Week 4: $2,200
Week 5: $2,100
What would the sales forecast be for the upcoming week (Week 6)?
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Managerial Accounting
Authors: Kurt Heisinger, Joe Ben Hoyle
2nd edition
1453375723, 1453375724, 978-1453375716
