Question: A company uses a three-month weighted moving average forecasting technique to determine its sales forecasts for each month. 40% weight is given to the actual

A company uses a three-month weighted moving average forecasting technique to determine its sales forecasts for each month. 40% weight is given to the actual sales for the most recent month, 35% weight is given to the actual sales two months ago and 25% weight is assigned to actual sales three months ago. Actual sales (number of units sold) for the past six months are as follows: Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 200 300 500 550 450 ?? What is the forecast for month 6? Question 21 options: a) 520.25 b) 355 c) 455 d) 497.50

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