Find the error of the moving average

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In a textile company that manufactures uniforms for health workers, it is necessary to know the sales projections for the next month; This is how your raw material requirements will be established. The history of sales in thousands of pesos that the company has in the last 8 months is as follows:

month sales(thousand of pesos)
1 230
2 245
3 254
4 215
5 234
6 231
7 254
8 242

a. Calculate the sales for month 9 using the simple moving average method with k = 3.
b. Calculate the sales for month 9 with the simple average method.
c. Find the error of the moving average and the simple average.
d. It proposes a strategy for the purchase of raw material from the textile company.

 

Reference no: EM132952180

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