Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note that the 1st quarter is January, February, and March; 2nd quarter April, May, June; 3rd quarter July, August, September; and 4th quarter October, November, December. Note: Round final answer to a whole number. JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY Last year 110 130 140 180 190 210 155 AUGUS 145 This year 135 145 190 205 235 270 Forecast for the third quarter 456
Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note that the 1st quarter is January, February, and March; 2nd quarter April, May, June; 3rd quarter July, August, September; and 4th quarter October, November, December. Note: Round final answer to a whole number. JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY Last year 110 130 140 180 190 210 155 AUGUS 145 This year 135 145 190 205 235 270 Forecast for the third quarter 456
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.6: Moving Averages Models
Problem 22P: The file P13_22.xlsx contains total monthly U.S. retail sales data. While holding out the final six...
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