Printer Rent Forecast
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The owner of a computer store rents printers to some of her preferred customers. She is interested in arriving at a forecast of rentals so that she can order the correct quantities of supplies that go with the printers. The data is shown blow.
a. Prepare a forecast for weeks 4 - 10 by using the three week moving average. What is the forecast for week 11.
Week Rentals
1 25
2 28
3 30
4 26
5 27
6 22
7 26
8 24
9 20
10 23
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Solution Summary
Excel file attached shows how to prepare a forecast for upcoming weeks using a three week moving average.
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