Forecasting methods to forecast periods

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Reference no: EM13904625

Beyond Tea Inc. wants to forecast sales of its menthol green tea. The company wants to use simple mean or a three period moving average forecast monthly sales. Given sales data for the past 10 months use both forecasting methods to forecast periods 7 to 10 and then evaluate each. Which method should they use? Use the selected method to make a forecast for month 11. Show all work. No Excel.

MONTH SALES

1 5

2 8

3 15

4 18

5 20

6 19

7 17

8 18

9 19

10 21

Reference no: EM13904625

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