Question: Here are the data for the past 21 months for actual sales of a particular product: January February March April May June July August September

Here are the data for the past 21 months for

Here are the data for the past 21 months for actual sales of a particular product: January February March April May June July August September October November December LAST YEAR THIS YEAR 310 270 405 365 380 360 470 455 415 395 490 400 440 340 325 260 375 360 540 595 515 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.) Forecast for the fourth quarter

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