Find the five-month moving average of the sales of soaps for this year. AbsoluteAbsoluteNo. ofSoaps SoldForecastErrorValue ofForecastErrorSquaredForecastPercentageErrorValue ofMonthForecastPercentageErrorErrorJanuaryFebruary9991,000800MarchAprilMayJune950899858JulyAugustSeptember9781,001879October900November915December998

The average for each following point would be calculated using the preceding 5 data points in a…

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Business

Operations Management

Find the five-month moving average of the sales of soaps for this year.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

Find the five-month moving average of the sales of soaps for this year.

Absolute
Absolute
No. of
Soaps Sold
Forecast
Error
Value of
Forecast
Error
Squared
Forecast
Percentage
Error
Value of
Month
Forecast
Percentage
Error
Error
January
February
999
1,000
800
March
April
May
June
950
899
858
July
August
September
978
1,001
879
October
900
November
915
December
998

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