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Exhibit 11.1 The Following Questions Use the Data Below

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Exhibit 11.1
The following questions use the data below.
Honest Al's Used Cars wants to predict how many cars are sold each month. He has collected data for 12 months. He needs your help in analyzing this data using moving averages. Exhibit 11.1 The following questions use the data below. Honest Al's Used Cars wants to predict how many cars are sold each month. He has collected data for 12 months. He needs your help in analyzing this data using moving averages.   -Refer to Exhibit 11.1. What formula should be entered in cell C13 to compute the 4-month moving average forecast for month 11? A)  =AVERAGE(B9:B12) /4 B)  =AVERAGE(B7+B10)  C)  =AVERAGE(A9:A12)  D)  =AVERAGE(B9:B12)
-Refer to Exhibit 11.1. What formula should be entered in cell C13 to compute the 4-month moving average forecast for month 11?


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