Question: Joe's Cookies uses a weighted moving average method to forecast sales. It assigns a weight of 5.0 to the previous month's demand, 3.0 to demand

Joe's Cookies uses a weighted moving average method to forecast sales. It assigns a weight of 5.0 to the previous month's demand, 3.0 to demand two months ago, and 1.0 to demand three months ago. If sales amounted to:

Month	Sales
May	1,960
June	1,680
July	2,009

what should be the forecast for August?

*go to two decimal places

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