Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note that the1st quarter is January, February, and March; 2nd quarter April, May, June; 3rd quarter July, August, September; and 4th quarterOctober, November, December.Note: Round final answer to a whole number.Last yearThis yearJANUARY110135Forecast for the third quarterFEBRUARY130145MARCH140190APRIL180205MAY190235JUNE210270JULY155AUGUST145SEPTEMBER135 OCTOBER210NOVEMBER215DECEMBER345

A three-quarter moving average can be defined as the forecast method that estimates future values by…

Answered: Given the following history, use a…

Contemporary Marketing

18th Edition

ISBN:9780357033777

Author:Louis E. Boone, David L. Kurtz

Publisher:Louis E. Boone, David L. Kurtz

Chapter14: Pricing Strategies

Section14.2: Forecasting Demand

Problem 1LO

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Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note: the 1st quarter is Jan, Feb, and Mar; 2nd quarter id Apr. May, Jun; 3rd quarter Jul, Aug, Sep; 4th quarter Oct, Nov, Dec. JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC LAST YEAR 145 165 170 210 220 245 190 180 175 245 270 295 THIS YEAR 145 170 180 235 275 225 What is the forecast for the third quarter?
Given the following history, use a three-quarter moving average to forecast the demandfor the third quarter of this year. Note that the 1st quarter is Jan, Feb, and Mar; 2ndquarter Apr, May, Jun; 3rd quarter Jul, Aug, Sep; and 4th quarter Oct, Nov, JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DECLast year 120 140 145 195 205 220 165 155 145 220 245 265This year 140 145 200 210 240 255
Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note that the 1st quarter is Jan, Feb, and Mar; 2nd quarter Apr, May, Jun; 3rd quarter Jul, Aug, Sep; and 4th quarter Oct, Nov, Dec. (Round final answer to a whole number.) JUN FEB 140 150 APR 180 200 MAY 190 200 ОСТ 220 DEC 270 JUL SEP NOV 235 JAN MAR AUG 155 Last year This year 120 140 150 220 165 145 155 230 Forecast for the third quarter
Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note that the 1st quarter is Jan, Feb, and Mar; 2nd quarter Apr, May, Jun; 3rd quarter Jul, Aug, Sep; and 4th quarter Oct, Nov, Dec. (Round final answer to a whole number.) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Last year 165 185 200 230 240 265 210 200 195 265 290 315 This year 175 200 165 260 260 200 Forecast for the third quarter
Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note that the 1st quarter is January, February, and March; 2nd quarter April, May, June; 3rd quarter July, August, September; and 4th quarter October, November, December.
Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note, the 1st quarter is Jan, Feb, and Mar, 2nd quarter Apr, May, Jun; 3rd quarter Jul, Aug, Sep, and 4th quarter Oct, Nov, Dec. JAN FEB MAR APR MAY Last year This year 130 150 155 215 225 155 155 205 220 245 JUN JUL 230 175 250 AUG SEP 165 155 OCT NOV DEC 230 255 280 Forecast for the third quarter
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True Beauty is a cosmetics company that uses exponentialsmoothing with trend to forecast monthly sales of its specialface cream. At the end of November, the company wants toforecast sales for December. The trend through October hasbeen 10 additional boxes sold per month. Average sales havebeen 60 boxes per month. The demand for November was 68boxes. The company uses a 0.20 and b 0.10. Make a forecast including trend for the month of December.
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