Compute a 3-period moving average
Problem: Given the following data on the number of pints of ice cream sold at a local ice cream store for a 6-period time frame:
Period Demand1 2002 2453 1904 2705 2806 300
Compute a 3-period moving average for period 4.
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Kate is a wonderful accountant... she just has a problem with telling "everything she knows." You found this out quite by accident. You were at an auction and saw her with a group of friends.
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Determine a 4-year moving average forecast for each possible year.
Problem: Given the following data on the number of pints of ice cream sold at a local ice cream store for a 6-period time frame: Compute a 3-period moving average for period 4.
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