Question: Actual data (in $1,000) for last five months are provided below. What is the forecast for February, using a four-period weighted moving average with weights

Actual data (in $1,000) for last five months are provided below. What is the forecast for February, using a four-period weighted moving average with weights of 0.1, 0.2, 0.3 and 0.4 (greater weight towards more recent time)?

Month

Demand ($1,000)

Sep

30

Oct

28

Nov

39

Dec

45

Jan

33

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