Question: Problem 18-4 (Algo) Here are the data for the past 21 months for actual sales of a particular product: LAST YEAR 345 395 470 460

Problem 18-4 (Algo) Here are the data for the past 21 months for actual sales of a particular product: LAST YEAR 345 395 470 460 THIS YEAR 290 375 365 475 440 325 365 280 375 January February March April May June July August September October November December 400 470 430 325 375 535 570 550 Develop a forecast for the fourth quarter using a three-quarter weighted moving average. Weight the most recent quarter 0.50, the second most recent 0.25, and the third 0.25. Do the problem using quarters, as opposed to forecasting separate months. (Round your answer to 2 decimal places.) Forecast for the fourth quarter

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