Question: Here are the data for the past 21 months for actual sales of a particular product: LAST YEARTHIS YEARJanuary320290February440355March450355April480465May455418June455350July380340August340292September400335October480November585December540 Develop a forecast for the fourth

Here are the data for the past 21 months for actual sales of a particular product:

LAST YEARTHIS YEARJanuary320290February440355March450355April480465May455418June455350July380340August340292September400335October480November585December540

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.(Round your answer to 2 decimal places.)

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