Question: Here are the data for the past 2 1 months for actual sales of a particular product: LAST YEAR THIS YEAR January 3 7 0

Here are the data for the past 21 months for actual sales of a particular product:
LAST YEAR THIS YEAR
January 370305
February 410395
March 410340
April 440450
May 440455
June 485390
July 440350
August 300295
September 400355
October 540
November 590
December 480
Develop a forecast for the fourth quarter using a three-quarter, weighted moving average. Weight the most recent quarter 0.50, 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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