Answer to Question #235698 in Economics for Sana

Question

Forecast demand using 3-month and 5-month moving averages and suggest which forecast would you accept.

   Quarter market share

1 20

2 22

3 23

4 24

5 18

6 23

7 19

8 17

9 22

10 23

11 18

12 23

     

Answer 1

$$\frac{23+18}{2}=20.5$$