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https//www.nat Homework.aspx?homeworkld-501 onld-3&flushed-false&cld-5156147&centerwineyes OMG 322-32 Introduction to Operations Management Homework: Chapter 4 HW Assignment Score: 0 of 1 pt Problem 4.8 Daily high temperatures in St. Louis for the last week were as follows 93, 92, 94, 95,96, 88, 95 (yesterday) ) The high temperature for today usinga3day moving average .[ degrees round your onse too eder al place 3 of 10 (2 complete) to one decimal place) Enter your answer in the answer box and then click Check Answer remaining O Type here to search

Explanation / Answer

A three period moving average method averages the actual value for the previous three periods to generate the forecast for the next period. This can be calculated as the sum of the actual value for the previous three periods / 3

So using the above formula the high temperature for today using a three day moving average = (96+88+95)/3 = 279/3 = 93.0 degrees

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