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Management Studies

Problem:

National Scan, Incorporated sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: (Refer to Chapter 11)

Month	Sales (in 000 units)
April	52
May	58
June	66
July	65
August	61
September	59
October	60

Required:

Question 1) Prepare a 2-month, 3-month, and 4-month moving average forecast for November sales.

Question 2) Each forecasting method has advantages and disadvantages. Under what conditions would moving average forecast offer the most potential for a successful forecast?

Solve the given numerical problem and illustrate step by step calculation.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91168821

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