Question

Jeff Brown has collected sales data for his cupcake stand. Calculate the weighted moving average forecast for period 13 with weights 0.4 and 0.3. Round your answers to 2 decimals. Time 1 2 3 4 5 6 7 8 9 10 11 12 Sales 48 41 37 32 36 31 43 52 60 48 42.0 30.7

Answer 1

Answer:

Step-by-step explanation:

To calculate the weighted moving average for period 13 with weights 0.4 and 0.3.

P13 = (30.7x 0.4) + (42.0x 0.3)

P13 = 12.28 + 12.60

P13 = 24.88