A forecaster would like to use the 2-period moving average method on data below to make forecasts. Before doing this, she would like to test the performance of this method on past data. Which of the following could represent past forecasts for this method? (In the options below note that F1 represents the forecast for time period 1, and so on.)

Period

1

2

3

4

5

Actual Sales

5582

4906

5755

6320

5153

Select one:

a. F1 = 5543.2 F2 = 5543.2 F3 = 5543.2 F4 = 5543.2 F5 = 5543.2

b. F1 = 5582 F2 = 5244 F3 = 5330.5 F4 = 6037.5 F5 = 5736.5

c. F2 = 5244 F3=5244 F4 = 5330.5 F5 = 6037.5

d. F3 = 5330.5 F4 = 6037.5 F5 = 5736.5

e. F3=5244 F4 = 5330.5 F5 = 6037.5