forecasts using an n-period moving average
Not what you're looking for?
Equation - Ft = moving average forecast for period t; n = time span, the number of demand periods include in the computed average; and D = actual demand
The forecast for march - based on a 5 month moving average applied to the following past demand data is approximately:
SEP:27, OCT: 32, NOV:31, DEC:27, JAN:27, FEB:32
A. 27
B. 30
C. 32
D. 38
Please explain.
Purchase this Solution
Solution Summary
Help is given with making forecasts using an n-period moving average.
Solution Preview
The correct answer is B.
When making forecasts using an n-period moving average, you use the average ...
Purchase this Solution
Free BrainMass Quizzes
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.
Lean your Process
This quiz will help you understand the basic concepts of Lean.