1. Beyond Tea Inc. wants to forecast sales of its menthol green tea. The company is considering either using a simple mean or a three-period moving average to forecast monthly sales. Given sales data for the past 10 months use both forecasting methods to forecast periods 7 to 10 and then evaluate each. Which method should they use?

Use the selected method to make a forecast for month 11.

Transcribed Image Text:

Month Sales (lbs) 4 1 2 3 23456 58 8 15 58 18 20 6 19 7 17 8 18 9 19 10 21