Answered: Given the following history, use a…

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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Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note: the 1st quarter is Jan, Feb, and Mar; 2nd quarter id Apr. May, Jun; 3rd quarter Jul, Aug, Sep; 4th quarter Oct, Nov, Dec.

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

LAST YEAR 145 165 170 210 220 245 190 180 175 245 270 295

THIS YEAR 145 170 180 235 275 225

What is the forecast for the third quarter?

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