Question: Problem 1. Here are the data for the past 21 months for actual sales of a particular product: Last Year 300 This Year 275 375

Problem 1. Here are the data for the past 21

Problem 1. Here are the data for the past 21 months for actual sales of a particular product: Last Year 300 This Year 275 375 400 350 425 450 425 400 400 January February March April May June July August September October November December 460 400 350 350 300 375 275 350 500 550 500 Develop a forecast for the fourth quarter using a three-quarter, weighted moving average. Weight the most recent quarter.5, the second most recent .25, and the third 25. Do the problem using quarters, as opposed to forecasting separate months. Insert your formula in these cells. Remember that all formulas begin with a =. Sales amounts of the third most recent quarter = Sales amounts of the second most recent quarter = Sales amounts of the most recent quarter = The weight of the most recent quarter = The weight of the second most recent quarter = The weight of the third most recent quarter = 0.25 Weighted Moving Average (WMA) =

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