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

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

Given the folowing demand data, a. Compute a weighted average forecast using a weight of 0.4 for the most recent period, 0.3 for the next most fecent, 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 period 6 is 47 , forecast demand for period 7 using the same weights as in part a

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