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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.
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