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What Is a Simple Moving Average?

Text: Detailed calculations and explanationsConsider the data set below to answer the following questions:3.1 Find the four-period simple moving average forecasts for Periods 5 and 6 (3 Marks)Period Demand Sales Volume 1 1000 2 1200 3 1450 4 1650 5 1700 6 1850 3.2 Find the four-period weighted moving average forecasts for Periods 5 and 6 by using weights of 0.05, 0.25, 0.30, and 0.40 from the earliest period to the latest period, respectively. (3 Marks) 3.3 Identify the set of forecasts that is

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