Given the following historical data, what is the moving-average forecast for period 6 based on the last three periods? Period Value 1 73 2 68 3 65 4 72 5 67 (Round your answer to 2 decimal places.) (Round your answer to 2 decimal places.)

Given the following historical data, what is the moving-average forecast for period 6 based on the last three periods? Period Value 1 73 2 68 3 65 4 72 5 67 (Round your answer to 2 decimal places.) (Round your answer to 2 decimal places.)

Contemporary Marketing

18th Edition

ISBN:9780357033777

Author:Louis E. Boone, David L. Kurtz

Publisher:Louis E. Boone, David L. Kurtz

Chapter14: Pricing Strategies

Section14.2: Forecasting Demand

Problem 1LO

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Question

Given the following historical data, what is the moving-average forecast for period 6 based on the last three periods?

Period	Value
1	73
2	68
3	65
4	72
5	67

(Round your answer to 2 decimal places.)

Leveraging special tenchniques in analyzing historical data to predict future trends. Forecasting covers the methods and types of forecasting and their application to case studies.

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