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 Septenber October November December LAST YEAR THIS YEAR 320 245 415 370 455 375 445 470 395 400 450 340 415 325 365 295 350 375 515 565 535 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 O . o MacBook Pro

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