Forecasting Exercise

1.       Purpose

Help the learners to understand forecasting methods. 

2.       Description

Product demand data for the past 5 years:

             Year           Demand (in 1000s)

                1                      13

               2                      17

               3                      18

              4                      21

              5                      27

 

Develop a forecast for Year 6, using two-year moving average and trend
analysis. Identify which method is most appropriate for this data set
and explain why.

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Request for Question Clarification by scriptor-ga on 22 Aug 2005 13:25 PDT

Google Answers discourages and may remove questions that are homework
or exam assignments.

Regards,
Scriptor

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Clarification of Question by lolome-ga on 22 Aug 2005 16:29 PDT

I would like to match your answer to my answer to ensure that I have it correct.