jeremiahduvall
Answered

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George, the market analyst of his company, will be calculating the company's sales forecast for the next month (May). He has decided to use the moving averages method of sales forecasting to complete his task. The sales for the last four months are $30,000 (April). $35,000 (March), $25,000 (February), and $30,000 (January). If George uses the formula to calculate moving averages, what sales forecast figure will he arrive at?

a.25000
b.30000
c.20000
d.35000​

Sagot :

Samawati

Answer:

b.30000

Explanation:

The moving average follows the trend of data to forecast the next value.

the formula applicable in moving average is  = (n1 + n2 + n3 + ...) / n

For George, the moving average will be

=$30,000 + $35,000 +$25,000 + $30,000/4

=$120,000/4

=$30,000

queenava4l

Answer:

$30,000

Explanation:

I got it right on my test on Plato.

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