What Is the Forecast for July Based on a Three-Month

question 25

Essay

What is the forecast for July based on a three-month weighted moving average applied to the following past demand data and using the weights 5, 3, and 2 (largest weight is for most recent data)? Show all of your computations for April through July. $$\begin{array} { l l l } \text { Month } & \text { Demand } & \text { Forecast } \\\text { January } & 40 & \\\text { February } & 45 & \\\text { March } & 57 & \\\text { April } & 60 & \\\text { May } & 75 & \\\text { June } & 87 & \\\text { July } &\end{array}$$