Question: 4. Here are the data for the past 21 months for actual sales of a particular product: 300 LAST YEAR THIS YEAR January 275 February

4. Here are the data for the past 21 months for actual sales of a particular product: 300 LAST YEAR THIS YEAR January 275 February 400 375 March 425 350 April 450 425 May 400 400 June 460 350 July 400 350 August 300 275 September 375 350 October 500 November 550 December 500 Develop a forecast for the fourth quarter using a three-quarter, weighted moving average. Weight the most recent quarter.5, the second most recent 25, and the third .25. Solve the problem using quarters, as opposed to forecasting separate months. 5. The following table contains the number of complaints received in a department store for the first 6 months of operation: MONTH COMPLAINTS MONTH COMPLAINTS January February March 36 45 81 April May June 90 108 144 If a three-month moving average is used to smooth this series, what would have been the forecast for May

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