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Forecasting product Demand

Author:
January 25th, 2023

Demand for a particular type of battery fluctuates from one week to the next. A study of the last 6 weeks provides the following demands (in dozens): 4, 5, 3, 2, 8 and 10 (last week).

(a) Forecast demand for the next week using a 2-week moving average.
(b) Forecast demand for the next week using a 3-week moving average.

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