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Q. You have the following data for the last 12 month sales for the PQR Corporation (1000's $)Jan 500Feb 520Mar 520Apr 510May 580June 610Aug 620Sep 580Oct 550Nov 510Dec 480
a. Calculate a 3month centered moving average
b. use this moving average to forecast sales for January of next year
c. if you were asked to forecast Jan also Feb sales for next year, would you be confident of your forecast using the preceding moving averages? Why
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