Question: Using a weighted moving average with 2 time periods, forecast the income for August. Use 2 for the most recent period and 1 for the

Using a weighted moving average with 2 time

Using a weighted moving average with 2 time periods, forecast the income for August. Use 2 for the most recent period and 1 for the next most recent. What is the forecast amount for August? Consulting income at Kate Walsh Associates for the period of January - July has been as follows: MONTH Error Error INCOME (1000s) Weighted Moving Average Exponential Smoothing Alpha 3 75.0 70.0 68.5 64.8 76.2 January February March April May June July August 71.3 72.8 78.8 O A. 75.8 O B. 75.2 O c. 76.8 O D. 115.2

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