Question: Mirandas Burger House uses a weighted average method to forecast burger sales. It assigns a weight of 35% to the previous months demand, 48% to

Mirandas Burger House uses a weighted average method to forecast burger sales. It assigns a weight of 35% to the previous months demand, 48% to the demand for burgers two months ago, and 27% to the demand for burgers three months ago.

- Suppose burger sales in June were 4000, 2900 burgers in July and 6,500 burgers in July. What should be the forecast for burgers in August?

- Under which circumstances are weighted averages important to use?

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