1 the forecast sales for the next day saturday using a 2day

1. the forecast sales for the next day (saturday) using a 2-day moving average is 14,14.8,15,30 or none of the abov

2. Daily demand for newspaper for the last 5 days has been: Monday 18, tuesday 14, wednesday 12, thursday 13 and friday 17?

Solution

2 day moving average is given by
Ft = (F_t-1 + F_t-2)/2

Forecast for the next day = (13 + 17)/2 = 15

Ans) 15