Fourth quarter using three-quarter-weighted moving average

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Reference no: EM131039443

Here are the data for the past 21 months for actual sales of a particular product:

LAST YEAR THIS YEAR

January 370 305

February 410 395

March 410 340

April 440 450

May 440 455

June 485 390

July 440 350

August 300 295

September 400 355

October 540

November 590

December 480

Develop a forecast for the fourth quarter using a three-quarter, weighted moving average. Weight the most recent quarter 0.50, the second most recent 0.25, and the third 0.25. Do the problem using quarters, as opposed to forecasting separate months. (Round your answer to 2 decimal places.)

Forecast for the fourth quarter

Reference no: EM131039443

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