Question: Pizza Hut uses a weighted moving average method to forecast pizza sales. It assigns a weight of 5 to the previous months demand, 3 to
Pizza Hut uses a weighted moving average method to forecast pizza sales. It assigns a weight of 5 to the previous months demand, 3 to demand two months ago, and 1 to demand three months ago. If sales amounted to 1000 pizzas in May, 2200 pizzas in June, and 3600 pizzas in July, calculate the forecast for August?
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