Given the following data on the number of pints of ice cream sold at a local ice cream store for a 6-period time frame:
$$\begin{array} { c c }
\text { Period } & \text { Demand } \
\hline 1 & 200 \
2 & 245 \
3 & 190 \
4 & 270 \
5 & 280 \
6 & 300 \
\hline
\end{array}$$
-Use a 2-period moving average to forecast demand for period 7.
A) 227.5
B) 275
C) 280
D) 290

Question

Given the following data on the number of pints of ice cream sold at a local ice cream store for a 6-period time frame:
 $$\begin{array} { c c } 
\text { Period } & \text { Demand } \
\hline 1 & 200 \
2 & 245 \
3 & 190 \
4 & 270 \
5 & 280 \
6 & 300 \
\hline
\end{array}$$
-Use a 2-period moving average to forecast demand for period 7.
A) 227.5
B) 275
C) 280
D) 290

Quizplus · Accepted Answer

The 2-period moving average for period 7 is calculated by averaging the demand for periods 5 and 6: (280 + 300) / 2 = 290.

Given the Following Data on the Number of Pints of Ice