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Calculate the forecasted sales revenue for May using the following data.  Month            Sales Revenue January            $ 11,000 February            $ 12,000 March                $ 14,000 April                $ 15,000 A.  Use a 4-month weighted average to calculate forecasted May sales where the weights of the various months are as follows: January – 10% February – 20% March- 30% April- 40%

Calculate the forecasted sales revenue for May using the following data.  Month            Sales Revenue January            $ 11,000 February            $ 12,000 March                $ 14,000 April                $ 15,000 A.  Use a 4-month weighted average to calculate forecasted May sales where the weights of the various months are as follows: January – 10% February – 20% March- 30% April- 40%

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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2.   Calculate the forecasted sales revenue for May using the following data. 

Month            Sales Revenue
January            $ 11,000
February            $ 12,000
March                $ 14,000
April                $ 15,000

A.  Use a 4-month weighted average to calculate forecasted May sales where the weights of the various months are as follows:

January – 10%
February – 20%
March- 30%
April- 40%

Expert Solution
Step 1 Introduction:

Here, the data set contains the month column and sales revenue column, 

the dataset table is mentioned below, 

Month Sales revenue
January 11000
February 12000
March 14000
April 15000

The weight value for each month is given, the total weight=10%+20%+30%+40%=100% or 1.

 

Now, we will determine the Forecasted May sales revenue value for the month of May.

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