Daily demand for newspapers for the last 10 days has been as

Daily demand for newspapers for the last 10 days has been as follows:

24, 26, 32, 30, 26, 37, 25, 27, 24, 30 (listed from oldest to most recent).

What is the forecasted sales for the next day using a two-day moving average?

Solution

24, 26, 32, 30, 26, 37, 25, 27, 24, 30

Twoday moving average = 24+30./2 = 27

Hence 27 is the forecasted sales.