An analyst is using a 3-period moving average to forecast the number of widgets needed for the fourth quarter. Using the data shown in the following table, what is the forecasted amount?O O O O35373839QuarterWidgets1422313374361422343414?

Since nothing was said about the weight of each period, let's assume all periods have the same…

Answered: An analyst is using a 3-period moving…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.7: Exponential Smoothing Models

Problem 28P: The file P13_28.xlsx contains monthly retail sales of U.S. liquor stores. a. Is seasonality present...

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An analyst is using a 3-period moving average to forecast the number of widgets needed for the fourth quarter. Using the data shown in the following table, what is the forecasted amount? O O O O 35 37 38 39 Quarter Widgets 1 42 2 31 3 37 4 36 1 42 2 34 3 41 4 ?