Data collected on the yearly demand for 50-pound bags of fertilizer at Sunshine Garden Supply are sh
Question: Data collected on the yearly demand for 50-pound bags of fertilizer at Sunshine Garden Supply are shown in the following table.
| Year | Demand for Fertilizer (1,000s of Bags) |
| 1 | 4 |
| 2 | 7 |
| 3 | 5 |
| 4 | 5 |
| 5 | 10 |
| 6 | 7 |
| 7 | 8 |
| 8 | 9 |
| 9 | 11 |
| 10 | 14 |
| 11 | 15 |
a. Develop a three-year moving average to forecast sales in year 12.
b. Develop a 3-year weighted average to predict demand in year 12. Sales in the most recent year is given a weight of 2 and sales in the two years prior to that are each given a weight of 1.
c. Develop a regression/trend line to estimate the demand of fertilizer in year 12.
d. Based on the three forecasts you have created, which forecast is the most accurate?
Price: $2.99
Answer: The solution consists of 4 pages
Deliverables: Word Document
Deliverables: Word Document
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