The demand for a certain drug in a hospital has been increasing. For the past six months, the following demand has been observed. Use a three-month moving average to make a forecast for July Demand unit 15 18 22 23 27 26 Months January February March April May June July 25

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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14.4
The demand for a certain drug in a hospital
has been increasing. For the past six
months, the following demand has been
observed. Use a three-month moving
average to make a forecast for July
Demand unit
15
18
22
23
27
26
Months
January
February
March
April
May
June
July
25
Forecast for July: (23+ 27+ 26)/3= (76)/3
= 25.3→ 25 demand units
Transcribed Image Text:14.4 The demand for a certain drug in a hospital has been increasing. For the past six months, the following demand has been observed. Use a three-month moving average to make a forecast for July Demand unit 15 18 22 23 27 26 Months January February March April May June July 25 Forecast for July: (23+ 27+ 26)/3= (76)/3 = 25.3→ 25 demand units
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