Weight for the most recent actual demand

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"Demand at times 1, 2, 3, and 4 were 50, 53, 58, and 62. Find the forecast for time 5 using a three period weighted moving average, with weights being 0.5, 0.3, and 0.2 respectively, with 0.5 being the weight for the most recent actual demand.

Reference no: EM131131617

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