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10 June, 05:38

What is the forecasted sale of umbrellas in the month of June using the 3-period moving averages?

Month

sales

January 1,000

February 1,000

March

1,500

April

2,000

May

2,500

The forecasted sale for the month of June is

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Answers (1)
  1. 10 June, 06:03
    0
    The forecasted sales for the month of June is 2,000

    Explanation:

    Using the 3-period moving averages for computing the forecasted sale of umbrellas in the month of June and the formula to compute the same is as:

    Forecasted sales = Sum of last three months sales / 3

    where

    Last 3 months before June will be:

    March whose sales is 1,500

    April whose sales is 2,000

    May whose sales is 2,500

    Putting the values above:

    = (1,500 + 2,000 + 2,500) / 3

    = 6,000 / 3

    = 2,000
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