Refer to the following data:
$$\begin{array} { | c | c | }
\hline \text { Perind } & \text { Demand } \
\hline 1 & 58 \
\hline 2 & 59 \
\hline 3 & 60 \
\hline 4 & 61 \
\hline
\end{array}$$
What is the moving-average forecast for the next period based on the last three periods?
A) 58
B) 62
C) 60
D) 61
E) None of the answer choices is correct.

Question

Refer to the following data:
$$\begin{array} { | c | c | } 
\hline \text { Perind } & \text { Demand } \
\hline 1 & 58 \
\hline 2 & 59 \
\hline 3 & 60 \
\hline 4 & 61 \
\hline
\end{array}$$
What is the moving-average forecast for the next period based on the last three periods?
A) 58
B) 62
C) 60
D) 61
E) None of the answer choices is correct.

Quizplus · Accepted Answer

The moving-average forecast for the next period based on the last three periods is calculated by averaging the demand of the last three periods: (59 + 60 + 61) / 3 = 180 / 3 = 60.

Refer to the Following Data What Is the Moving-Average Forecast for the Next Period Based