1. Sales for a product for the past three months have been 200, 350, and 287. Use a three-month moving average to calculate a forecast for the fourth month. If the actual demand for month 4 turns out to be 300, calculate the forecast for month 5.
2. Lauren's Beauty Boutique has experienced the following weekly sales:
Forecast sales for week 6 using the naïve method, a simple average, and a three-period moving average.
3. Hospitality Hotels forecasts monthly labor needs.
4. The following data are monthly sales of jeans at a local department store. The buyer would like to forecast sales of jeans for the next month, July.