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Historical Demand for Composite Fiber Is as Displayed in the Table

Question 1

Multiple Choice

Historical demand for composite fiber is as displayed in the table.
 Month  Demand  January 11 February 18 March 31 April 39 May 44 June 53 July 67 August 82 September 96\begin{array}{|l|l|}\hline \text { Month }\quad\quad\quad\quad\quad & \text { Demand }\quad\quad\quad\quad \\\hline \text { January } & 11 \\\hline \text { February } & 18 \\\hline \text { March } & 31 \\\hline \text { April } & 39 \\\hline \text { May } & 44 \\\hline \text { June } & 53 \\\hline \text { July } & 67 \\\hline \text { August } & 82 \\\hline \text { September } & 96 \\\hline \end{array}
Use a simple moving average of three periods to forecast the demand for July.


A) 67
B) 58
C) 48.5
D) 45.3

Correct Answer:

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