The King of Pancakes uses a weighted moving average method to forecast pancake sales. It assigns a weight of 3 to the previous month’s demand, 2 to demand two months ago, and 1 to demand three months ago. If sales amounted to 1100 pancakes in May 2500 pancakes in June, and 3200 pancakes in July, approximately, what should be the forecast for August?

Select one:

a. 1622

b. 1571.43

c. 2511

d. 2400

e. 2617

Answer rating: 100% (QA)

e2617 Explanation To calculate the demand for August we shou... View the full answer