Problemgiven the following history use a three-quarter, Ask an Expert

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Problem:

Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note, the 1st quarter is Jan, Feb, and Mar; 2nd quarter Apr, May, Jun; 3rd quarter Jul, Aug, Sep; and 4th quarter Oct, Nov, Dec.

	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEP	OCT	NOV	DEC
Last year	145	165	170	210	220	245	190	180	175	245	270	295
This year	145	170	180	235	275	225

Required:

Question 1) What is the forecast for the third quarter? Solve the problem and show all work.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91168875

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