The 3-month moving average forecast for semester 9 is closest to:Group of answer choices571.67423.33498.33521.67

asked to calculate 3 months moving average, Is it same as the forecast example:3 month moving average for April = (jan + feb + mar)/3

Consider the following time series: Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Sales 4 6 5 8 9 5 4 3 7 8 Calculate a three-year moving average (MA(3)) for the third subset of three years (i.e. 2012-2014). Round your final answer to two decimal places.

A manufacturing company has the monthly demand for its product as shown below.Month DemandFebruary 520March 490April 550May 580June 600July 420August 510September 610Calculate the 3-month weighted moving average forecast for the month of July with weights of 0.5, 0.3 and 0.2 for the most recent demand values, in that order. (answer in whole number)

Moving average method is Good for Long-term forecasting.*TrueFalse

Which of the following is a drawback of the Moving Average (MA) method of forecasting?Group of answer choicesIt requires extensive historical records.Increasing the number of periods makes it less sensitive to data change.It does not pick up trends very well.All of the above.Next