Question: Here are the data for the past 21 months for actual sales of a particular product: THIS YEAR 295 370 362 465 January February March

Here are the data for the past 21 months for actual sales of a particular product: THIS YEAR 295 370 362 465 January February March April Hay June July August September October November December LAST YEAR 320 380 420 425 440 475 440 310 375 540 575 555 430 375 375 315 385 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. 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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