Question: OM Cafe uses a weighted moving average method to forecast cake sales. It assigns a weight of 9 to the previous months demand, 5 to
OM Cafe uses a weighted moving average method to forecast cake sales. It assigns a weight of 9 to the previous months demand, 5 to demand two months ago, and 1 to demand three months ago. If sales amounted to 1,166 cakes in May, 3,987 cakes in June, and 4,423 cakes in July, calculate the forecast for the month of August.
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