Question: Question 4 (LO18-2) on page 516: Here are the data for the past 21 months for actual sales of a particular product: Develop a forecast

Question 4 (LO18-2) on page 516: Here are the data for the past 21 months for actual sales of a particular product:

Develop a forecast for the fourth quarter using a three-quarter, weighted moving average. Weight the most recent quarter 0.5, the second most recent 0.25, and the third 0.25. Do the problem using quarters, as opposed to forecasting separate months. (Answer in Appendix E)

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