Forecasting the demand, Calculate a forecast of the demand

Forecasting the demand

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Reference no: EM1329914

You sold the following number of flowers during the last two weeks. Calculate a forecast of the demand using a 3 and 5 period moving average. Graph these forecasts and the original data using excel. What does the graph show and which of the above forecasts is best and why.

Day 1 Demand Day Demand

1 200 8 150

2 134 9 182

3 157 10 197

4 165 11 136

5 177 12 163

6 125 13 157

7 146 14 169

Reference no: EM1329914

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