Question: If a three-month moving average is used to smooth this series, what would have been the forecast for May? Here are the data for the

If a three-month moving average is used to smooth this series, what would have been the forecast for May? Here are the data

If a three-month moving average is used to smooth this series, what would have been the forecast for May? Here are the data for the past 21 months for actual sales of a particular product: 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. Note: Round your answer to 2 decimal places

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