Question: Problem 3-4 (Algo) Here are the data for the past 21 months for actual sales of a particular product: January February March April May June

Problem 3-4 (Algo) 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 THIS YEAR 320 270 440 395 445 375 465 405 415 430 430 355 405 385 315 305 390 495 550 515 345 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. Solve 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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