Question: Here are the data for the past 21 months for actual sales of a particular product: LAST YEAR THIS YEAR January 310 305 February 430

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

LAST YEAR

THIS YEAR

January

310

305

February

430

345

March

440

345

April

485

455

May

450

410

June

465

365

July

395

350

August

335

280

September

395

340

October

495

November

560

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. Do the problem using quarters, as opposed to forecasting separate months. (Round your answer to 2 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

John Parsons (123-45-6781) and George Smith (123-45-6782) are 70% and 30% owners, respectively, of Premium, Inc. (11-1111120), a candy company located at 1005 16th Street, Cut and Shoot, TX 77303....

Q:

ere are the data for the past 2 1 months for actual sales of a particular product: LAST YEAR THIS YEAR January 3 6 5 3 0 0 February 4 5 5 3 7 5 March 4 0 0 3 7 5 April 4 3 0 4 5 5 May 4 3 2 4 4 0...

Q:

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 3 0 5 February 4 1 0 3 9 5 March 4 1 0 3 4 0 April 4 4 0 4 5 0 May 4 4 0 4 5 5...

Q:

Here are the data for the past 2 1 months for actual sales of a particular product LAST YEAR THIS YEAR January 2 7 5 February 3 7 5 March 4 2 5 3 5 8 April 4 5 0 4 2 5 May 4 8 8 June 4 6 0 July 3 5 0...

Q:

Problem 3 - 4 ( Algo ) Here are the data for the past 2 1 months for actual sales of a particular product: LAST YEAR THIS YEAR January 3 1 0 2 6 5 February 4 3 0 3 6 5 March 4 4 0 3 9 0 April 4 7 5 4...

Q:

Here are the data for the past 21 months for actual sales of a particular product: LAST YEAR 320 380 420 425 440 475 440 310 375 540 575 555 January February March April May June July August...

Q:

Here are the data for the past 21 months for actual sales of a particular product: LAST YEAR 320 380 420 425 440 475 440 310 375 540 575 555 January February March April May June July August...

Q:

Here are the data for the past 21 months for actual sales of a particular product: LAST YEAR THIS YEAR January 320 270 February 440 395 March 445 375 April 465 405 May 415 430 June 430 355 July 405...

Q:

1 )Here are the data for the past 21 months for actual sales of a particular product: LAST YEAR THIS YEAR January 345 290 February 395 375 March 470 365 April 460 475 May 400 440 June 470 325 July...

Q:

Here are the data for the past 21 months for actual sales of a particular product: LAST YEAR THIS YEAR January 300 280 February 440 345 March 465 350 April 505 440 May 430 455 June 440 375 July 455...

Q:

Here are the data for the past 21 months for actual sales of a particular product: LAST YEAR 300 440 465 505 430 440 January February March April May June July August September October November...

Q:

Suppose you are evaluating a project with the cash inflows shown in the following table. Your boss has asked you to calculate the projects net present value (NPV). You dont know the projects initial...

Q:

What principle(s) from the conceptual framework does Hen day Limited use in each of the following situations? (a) Henday includes the activities of its subsidiaries in its financial statements. (b)...

Q:

During year 5 , Kent Co . incurred $ 2 0 4 , 0 0 0 of research and development costs in its laboratory to develop a patent that was granted on July 1 , year 5 . Legal fees and other costs associated...

Q:

What is an example of constructive feedback? provide reference