Academic MBA Question:
Question: The demand for a product in each of the last five months is shown below
Month 1 2 3 4 5
Demand (’00s) 13 17 19 23 24
- Use a three month moving average to generate a forecast for demand in month 6.
- What are the four components of time series analysis which needs to be first evaluated, extracted and interpreted so as to make it understandable?