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

Problem 18-4 Here are the data for the past 21 months for actual sales of a particular product: January February March April May June July August September October November December LAST YEAR 370 415 405 435 430 495 415 330 385 515 600 495 THIS YEAR 295 350 355 440 450 385 365 290 350 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 Problem 18-4 Here are the data for the past 21 months for actual sales of a particular product: January February March April May June July August September October November December LAST YEAR 370 415 405 435 430 495 415 330 385 515 600 495 THIS YEAR 295 350 355 440 450 385 365 290 350 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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