Question: Please share the steps I keep getting stuck here on B & C. c) Use a weighted 2-year moving average with weights of 0.40 and
Please share the steps I keep getting stuck here on B & C.
c)
Use a weighted 2-year moving average with weights of 0.40 and 0.60 to forecast next year's mileage. (The weight of 0.60 is for the most recent year.) A weighted moving average may be expressed mathematically as: Weighted moving average = (Weight for period n)(Demand in period n) / Weights

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