John Albert of Johnny’s Farm is trying to forecast the number of bushels of apples he...
John Albert of Johnny’s Farm is trying to forecast the number of
bushels of apples he sells. He has data for the last 8 weeks of
sales. The data are listed below.
|
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
|
70 |
73 |
65 |
62 |
80 |
74 |
69 |
78 |
Provide a forecast for Period 9 utilizing a 4-week moving
average.
| a. |
77.90 |
|
| b. |
77.40 |
|
| c. |
75.25 |
|
| d. |
73.65 |
Homework Answers
Answer: c. 75.25
Explanation:
- Forecast of a period with 4 period moving average = average of last 4 periods demand
- Forecast for week 9= sum of demand from 5 to 8 / 4 =(80+74+69+78)/4 = 75.25
Please ask, if you have any doubts through the comment section. Do rate the answer
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