Use a four-period moving average to determine the forecasted demand for July, August, and September
The following data summarizes the historical demand for a product:
Month Actual Demand
March 20
April 25
May 40
June 35
July 30
August 45
Answer: July forecast = 30; August forecast = 32.5; September forecast = 37.5
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Answer the following statements true (T) or false (F)
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