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The time-series data (beginning with the oldest data) of the monthly sales (in $000s) at a department store for the last 6 months are: 85, 98, 112, 88, 102, and 98. What is the forecast for the current month using a 3-month weighted moving average technique weighting the most recent month's value by 4, the value for the previous month by 3, and the month before that by 1?
$98,250
$112,000
$99,500
$96,000
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