Question: Problem 18-4 (Algo) Here are the data for the past 21 months for actual sales of a particular product: 330 January February March April May

Problem 18-4 (Algo) Here are the data for the

Problem 18-4 (Algo) Here are the data for the past 21 months for actual sales of a particular product: 330 January February March April May June July LAST YEAR THIS YEAR 295 400 360 460 365 490 475 390 405 440 355 455 335 345 290 365 325 555 590 530 August September October November December 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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