the demand for four preceding months 1 through 4 are: 80, 85, 83, 90 respectively. what is the moving average forecast for month 5 using a simple three-month moving average?

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20-12-2022
Business

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the demand for four preceding months 1 through 4 are: 80, 85, 83, 90 respectively. what is the moving average forecast for month 5 using a simple three-month moving average?

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abhaydwive123 abhaydwive123 · Answer 1 · 2022-12-24T12:56:12-05:00

The moving average forecast for month 5 using a simple three-month moving average is 82.5

The moving average is a statistical method used for forecasting long-term trends. The approach represents taking an average of a set of numbers in a given range while moving the range.

There are three basic kinds—qualitative techniques, time series analysis and projection, and causal models.

Average, mean, median, norm mean something that represents a middle factor. average is the quotient obtained by dividing the sum overall of a hard and fast of figures by using the variety of figures. scored an average of eighty five on assessments. suggest can be the simple average or it may constitute fee midway among two extremes.

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