Question: Given the following demand data, a. Compute a weighted average forecast using a weight of 0.4 for the most recent perlod, 0.3 for the next

Given the following demand data, a. Compute a weighted average forecast

Given the following demand data, a. Compute a weighted average forecast using a weight of 0.4 for the most recent perlod, 0.3 for the next most recent, 0.2 for the next, and 0.1 for the next. (Round all your answers to two decimal points.) b. If the actual demand for perlod 6 is 65 , forecast demand for perlod 7 using the same weights as in part a

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