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A company wants to forecast demand using the simple moving average. If the company uses three...

A company wants to forecast demand using the simple moving average. If the

company uses three prior yearly sales values (i.e., year 2011 = 185, year 2012 =

215, and

year 2013 = 230), what is the simple moving average forecast for year 2014?

business   Operations-Management   
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Answer #1

The answer is 210

Forecast for the year 2014 = (185 + 215 + 230) / 3 = 210

hence, the simple moving average forecast for the year 2014 is 210

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