Question: Here are the data for the past 2 1 months for actual sales of a particular product.JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberLAST YEARTHIS YEAR 3 0 0 2 7 5

Here are the data for the past 21 months for actual sales of a particular product.JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberLAST YEARTHIS YEAR300275400375425350450425400400460350400350300275375350500550500Develop 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. Solve the problem using quarters, as opposed to forecasting separate months.Note: Round your answer to 2 decimal places.

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