Question: Weighted Moving Average Forecast Compute the sales forecast for the month of July using the 6-month weighted moving average forecasting technique and the following weights

Weighted Moving Average Forecast

Compute the sales forecast for the month of July using the 6-month weighted moving average forecasting technique and the following weights and data.

(Refer to Slide 32 in Chapter 02 -or- Pages 49 and 50 in the textbook)

Weights: 0.40 for the previous month, 0.30 for 2 months prior, 0.10 for 3 months prior, 0.10 for 4 months prior, 0.05 for 5 months prior, and 0.05 for 6 months prior.

Monthly sales for the RUOK Company for the last 6 months are as follows:

Month Units

January 54,000

February 66,000

March 48,000

April 54,000

May 60,000

June 72,000

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