Forecast sales of swimsuits for august

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A manager at Fit Well department store wants to forecast sales of swimsuits for August using a three-period weighted moving average.

Sales for May, June, and July are as follows:

Month Actual Sales Forecast

May 500

June 600

July 700

The manager has decided to weight May (0.25), June (0.25), and July, (0.50).

Use the three period weighted moving average to determine the sales forecast for August.

Reference no: EM132629846

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