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A company wants to forecast the sales of their new product for the next six months using the method of moving averages. The sales data

A company wants to forecast the sales of their new product for the next six months using the method of moving averages. The sales data for the past 12 months is given below:

MonthSales (in thousands)
1100
2120
3130
4140
5150
6160
7180
8200
9220
10240
11260
12280

Use the method of moving averages with a window size of 3 to forecast the sales for the next six months. Show all calculations and explain your reasoning.

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