Question

  What is the demand forecast for May if you use a 3 month moving average based...

  What is the demand forecast for May if you use a 3 month moving average based on the following forecast and actual demand data?  

Jan

Feb

Mar

Apr

Forecast

12

11

12

12

Actual

10

13

12

10

(Points : 3.03)

       12
       11
       10.67
       11.67

0 0
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Answer #1

Forecast of March = {F(Feb) + F(March) + F(April)}/3

= (11 + 12 + 12)/3

= 35/3

= 11.67

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