# (Solved Homework): 1. Sales for a product for the past three months have been 200, 350, and 287. Use a three-month…

1. Sales for a product for the past three months have been 200, 350, and 287. Use a three-month moving average to calculate a forecast for the fourth month. If the actual demand for month 4 turns out to be 300, calculate the forecast for month 5.

1) A three month moving average method averages the actual demand for the previous three months to generate the forecast for the next month. This can be calculated using the following formula :

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Sum of the actual demand for the previous three months /3

So,forecast for month 4 =(200+350+287) / 3

= 837 / 3

= 279

If the actual demand for month 4 is 300,

Forecast for month 5 = (350 + 287 + 300) / 3

= 937 / 3

= 312.33

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