calculate a 3 month moving average for the following monthly sales data what is the forecast for the 7th month Month   sales forecast jan        120 feb        150 mar       130 apr         160 may       180 jun         170 july

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 1.1CE
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calculate a 3 month moving average for the following monthly sales data what is the forecast for the 7th month

Month   sales forecast

jan        120

feb        150

mar       130

apr         160

may       180

jun         170

july

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