Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Experience the convenience of finding accurate answers to your questions from knowledgeable professionals on our platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.
Sagot :
The forecasted sales for July using a three-month moving average is 405
What is Forecasting ?
Forecasting is a very useful future analysis technique for demand and sales data for different units and processes. This method is used to estimate future sales and demand. It is also useful in trend analysis to evaluate future trends and forecasting.
The formula to compute three-month moving average MA(3) to forecast sales for the [tex]n^{th}[/tex] period is shown below:
[tex]Forecastperiod(n)[/tex] [tex]=[/tex] [tex]\frac{Y_{n-3} + Y_{n- 2} + Y_{n- 1}}{3}[/tex]
July = [tex]\frac{435 + 465 + 315 }{3} \\[/tex]
July = [tex]\frac{1,215}{3}[/tex]
July = 405
Thus , the forecasted sales for July is 405.
Learn more about Forecasted on :
brainly.com/question/24161124
#SPJ4
Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.
