What is the four period weighted moving average forecast

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Reference no: EM13843672

State Division of Motor Vehicles (DMV) statistics show the rate of new driver's license applications to be as shown:

Month Week Applications

November 1 240

2 200

3 215

4 210

December 1 210

2 212

3 200

4 216

Using weights of 1/3 for the most recent week, ¼ for the next most recent week, ¼ for the third most recent week, and 1/6 for the fourth most recent week, what is the four period weighted moving average forecast for the first week in January?

Reference no: EM13843672

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