Apply the 3-years moving average method to forecast the required demand for the year 2021 from the following historical data. Years 2012 2013 2014 2015 2016 2017 2018 2019 2020 Demand 245 325 300 350 295 400 450 380 500
Apply the 3-years moving average method to forecast the required demand for the year 2021 from the following historical data. Years 2012 2013 2014 2015 2016 2017 2018 2019 2020 Demand 245 325 300 350 295 400 450 380 500
Contemporary Marketing
18th Edition
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Louis E. Boone, David L. Kurtz
Chapter14: Pricing Strategies
Section14.2: Forecasting Demand
Problem 1LO
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![Apply the 3-years moving average method to forecast the required demand for the year 2021
from the following historical data.
Years
2012
2013
2014
2015
2016
2017
2018
2019
2020
Demand
245
325
300
350
295
400
450
380
500](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F69fb3cbf-2c79-4355-8e37-8a315abf24db%2Ff03d8a73-c4cd-4c70-b416-e3aa67fb57f9%2Fibnj3q_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Apply the 3-years moving average method to forecast the required demand for the year 2021
from the following historical data.
Years
2012
2013
2014
2015
2016
2017
2018
2019
2020
Demand
245
325
300
350
295
400
450
380
500
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