Demand for a Particular Type of Battery Fluctuates from One

question 39

Essay

Demand for a particular type of battery fluctuates from one week to the next.A study of the last six weeks provides the following demands (in dozens): 4, 5, 3, 2, 8, 10 (last week).
(a)Forecast demand for the next week using a two-week moving average.
(b)Forecast demand for the next week using a three-week moving average.

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Definitions:

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