Question: Frosty s Snow Cones uses a weighted moving average method to forecast snow cone sales. It assigns a weight of five to the previous month's
Frostys Snow Cones uses a weighted moving average method to forecast snow cone sales. It assigns a weight of five to the previous month's demand, three to demand months ago, and one to demand months ago. If sales amounted to snow cones in May, snow cones in June, and snow cones in July, what should be the forecast for August?
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