Weighted Moving Average Forecast

Compute the sales forecast for the month of January 2023using the Weighted Moving Average forecasting technique and the last 6 months of 2022data with the following monthly weights:

Weights: 0.40 for the previous month, 0.20 for 2 months prior, 0.10 for 3 months prior, 0.10 for 4 months prior, 0.10 for 5 months prior, and 0.10 for 6 months prior.

Monthly sales for the RUOK Company for the last 12 months are as follows:

MONTH	ACTUAL SALES
January 2022	140,235
February 2022	116,550
March 2022	78,225
April 2022	63,045
May 2022	17,460
June 2022	122,400
July 2022	16,980
August 2022	41,850
September 2022	57,270
October 2022	73,820
November 2022	33,780
December 2022	79,830
MONTH	FORECAST
January 2023	??,???