Question: Use the following data to create a 3-period simple moving average forecast for July (3 marks). Using the same data, create a weighted moving average

Use the following data to create a 3-period simple moving average forecast for July (3 marks). Using the same data, create a weighted moving average forecast using whatever time periods and weights that you want (4 marks). Justify your selection of time period(s) and weighting factor(s) (3 marks).

Time Period Demand

January 300

February 260

March 240

April 200

May 180

June 165

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