Using a 3 period moving average, what is the forecast for day 8?
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...
Related questions
Question
Daily demand for sandwiches at a local deli is shown in the table. Using a 3 period moving average, what is the
Group of answer choices
a. 41.7
b. 45
c. 42.35
d. 43
e. Impossible to determine
![SANDWICH DEMAND
Day
Demand
39
2
33
3
26
4
39
46
47
7
36](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2c44536e-44f0-4365-8c73-1bae7b5384ca%2F0f0cd759-ac7b-466f-8c82-cfa16bb3b7fe%2F89jl8z9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:SANDWICH DEMAND
Day
Demand
39
2
33
3
26
4
39
46
47
7
36
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
Step 1
3 period moving average is a forecasting model which helps to identify the forecast as the average of previous three period. Based on the given information, we can identify the forecasting demand of day 8 as like given below.
Step by step
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![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
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