Consider the demand data listed below. What is the 4-month moving average forecast for June?
Month Actual Demand
Jan. 10,000
Feb. 12,000
Mar. 24,000
Apr. 8,000
May 14,000
a) 14,000
b) Not enough information is given to answer the question.
c) 14,500
d) 13,500
e) 15,333
Answer: c) 14,500
12,000 + 24,000 + 8,000 + 14,000 = 58,000 / 4 = 14,500