Quantitative analysis:Moving average demand analysis.
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The ABC Floral Shop sold the following number of geraniums during the last 2 weeks:
Day
Demand
Day
Demand
1
200
8
150
2
134
9
182
3
157
10
197
4
165
11
136
5
177
12
163
6
125
13
157
7
146
14
169
Develop a spreadsheet to answer the following questions.
Calculate a forecast of the above demand using a 3- and 5-period moving average.
Graph these forecasts and the original data using Excel. What does the graph show?
Which of the above forecasts is best? Why?
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Solution Summary
The problem deals with estimating the 3 and 5 month moving average of a set of data.
Education
- B. Sc., University of Nigeria
- M. Sc., London South Bank University
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