Using a 3 period moving average, what is the forecast for day 8?

Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
ChapterC: Cases
Section: Chapter Questions
Problem 5.3SD: Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling...
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Daily demand for sandwiches at a local deli is shown in the table. Using a 3 period moving average, what is the forecast for day 8?

Group of answer choices
a. 41.7
b. 45
c. 42.35
d. 43
e. Impossible to determine
SANDWICH DEMAND
Day
Demand
39
2
33
3
26
4
39
46
47
7
36
Transcribed Image Text:SANDWICH DEMAND Day Demand 39 2 33 3 26 4 39 46 47 7 36
Expert Solution
Step 1

3 period moving average is a forecasting model which helps to identify the forecast as the average of previous three period. Based on the given information, we can identify the forecasting demand of day 8 as like given below. 

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