Question: Sales Forecast using Weighted Moving Average 1 . Given the following, determine the expected sales on September 1 8 th and September 1 9 th

Sales Forecast using Weighted Moving Average
1. Given the following, determine the expected sales on September 18th and September 19th, using a 3-day weighted moving average.
2. Is your weighted moving average result higher or lower than if you had simply done a 3-day moving average? What caused it to be higher or lower?
MONTH DATE ACTUAL SALES IN DOLLARS
W1=10
W2=25
W3=30
SEPTEMBER 12 $1,500
13 $2,500
14 $2,500
15 $3,500
16 $3,000
17 $4,500
18?
19?

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