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A company wants to forecast demand using the simple moving average. If the company uses three prior yearly sales values (i.e., year 2014= 130, year 2015= 110, and year 2016= 160), which of the following is the simple moving average forecast for year 2017?

Respuesta :

Karabo99

Answer:

133.3 is the answer in simple moving average forecast for year 2017.

Explanation:

Forecast for 2014 = 130

Forecast for 2015 = 110

Forecast for 2016 = 160

Forecast for 2017 = (130+110+160)/3

                             = 400/3

                             = 133.3.

Therefore, 133.3 is the answer in simple moving average forecast for year 2017.

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