Answer to Question #149491 in Management for eyob tilahun

Question

Given
Month demand for microwave
January ………………………………………………………...200
February………………………………………………………..300
March………………………………………………………..….350
April……………………………………………………………..400
May………………………………………………………….….450
June…………………………………………………………….500
July……………………………………………………………..600

Required
1. Suppose further that the material manager has requested you prepare forecast using a seven- period moving average to forecast august sales. What is the demand for month august? Using simple moving average (MA) method.
2. Now examine the data a four – month simple moving average might be a more accurate forecast. If you use four months, the forecast for month august is……………..

Answer 1

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