Hoops, Inc. produces videos on the art of shooting in basketball. The firm has experienced the following demand for the first 6 months of the year.
Month Demand
Jan. 4,000
Feb. 6,000
Mar. 10,000
Apr. 2,000
May 20,000
June 30,000
What is the forecast for July using a 5-month simple moving average forecast?
Correct Answer:
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