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

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 335 455 465 440 418 440 440 320 360 540 560 530 THIS YEAR 280 400 350 390 400 340 395 270 400 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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