A company has experienced the following demand for a product over the most recent nine months. Develop

Question:

A company has experienced the following demand for a product over the most recent nine months. Develop a weighted moving average using the weights 0.6 and 0.4 applied to the most recent periods, respectively. What is your forecast for period 10?
Period a t
1…………………………928
2…………………………861
3…………………………872
4…………………………852
5…………………………855
6…………………………658
7…………………………640
8…………………………716
9…………………………527