Here are the data for the past 21 months for actual sales of a particular product: LAST YEAR THIS YEAR January February March 325 315 335 432 455 340 April May 495 445 440 415 June 475 385 July August September October 390 355 285 350 330 350 490 November 580 December 495 Develop a forecast for the fourth quarter using a three-quarter, weighted moving average. Weight the most recent quarter 0.50, the second most recent 0.25, and the third 0.25. Do the problem using quarters, as opposed to forecasting separate months. (Round your answer to 2 decimal places.) Forecast for the fourth quarter
Here are the data for the past 21 months for actual sales of a particular product: LAST YEAR THIS YEAR January February March 325 315 335 432 455 340 April May 495 445 440 415 June 475 385 July August September October 390 355 285 350 330 350 490 November 580 December 495 Develop a forecast for the fourth quarter using a three-quarter, weighted moving average. Weight the most recent quarter 0.50, the second most recent 0.25, and the third 0.25. Do the problem using quarters, as opposed to forecasting separate months. (Round your answer to 2 decimal places.) Forecast for the fourth quarter
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Transcribed Image Text:Here are the data for the past 21 months for actual sales of a particular product:
THIS YEAR
315
LAST YEAR
January
February
325
432
335
March
455
340
April
May
June
495
445
440
415
475
385
July
August
September
390
355
330
285
350
350
October
490
November
580
December
495
Develop a forecast for the fourth quarter using a three-quarter, weighted moving average. Weight the most recent quarter 0.50, the
second most recent 0.25, and the third 0.25. Do the problem using quarters, as opposed to forecasting separate months. (Round your
answer to 2 decimal places.)
Forecast for the fourth quarter
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