Question: Develop a forecast for the fourth quarter using a three-quarter, weighted moving average. Weight the most recent quarter 0.5 , the second most recent 0.25

Develop a forecast for the fourth quarter using a three-quarter, weighted moving average. Weight the most recent quarter 0.5 , the second most recent 0.25 , and the third 0.25 . Do the problem using quarters, as opposed to forecasting separate months. (Round your answer to 2 decimal places.)

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