Question: This is a first half question. Using the following data, a worker was asked to forecast sales for July using a weighted moving average of

This is a first half question. Using the

This is a first half question. Using the following data, a worker was asked to forecast sales for July using a weighted moving average of n=5, with weights of 0.35, 0.25, 0.2, 0.15, and 0.05 from most recent to oldest, respectively. Month Jan Feb Mar Apr May June Sales 100 110 105 108 110 102 His calculation: Forecasted sales for July = (0.35)(102) + (0.25)(110) + (0.2)(108) + (0.15)(105) + (0.05)(110) = 106.05. What error or errors did the worker make? Explain. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)

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