Question: Here are the data for the past 21 months for actual sales of a particular product: THIS YEAR 300 375 375 455 440 January February

Here are the data for the past 21 months for actual sales of a particular product: THIS YEAR 300 375 375 455 440 January February March April May June July August September October November December LAST YEAR 365 455 400 430 432 505 400 320 395 500 590 490 385 305 Develop a forecast for the fourth quarter using a three-quarter, weighted moving average. Welght the most recent quarter 0.50, the second most recent 0.25, and the third 0.25. Do the problem using quarters, as opposed to forecasting separate months. (Round your answer to 2 decimal places.) Forecast for the fourth quarter

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