Forecasting sales with five period moving average
Statistics
July 9, 2019Development of Appropriate Forecasting Model
July 9, 2019Given the following dataon the number of pints of ice cream sold at a local ice cream store for a 6-period time frame:
Period Demand
1 200
2 245
3 190
4 270
5 280
6 300
Compute a 5-period moving average for period 7.
Put your answer in the form xxx with no additional numbers or symbols.
The solution includes a detailed explanation of forecasting the sales with four period moving average. It is given in a simple, two line solution.
