Given last month’s actual sales was $69,000, $74,000 two months ago, $86,000 three months ago, and $91,000 four months ago, what is the weighted moving average using weighing factors 0.50, 0.25, 0.15, 0.10?
$85,000
$80,000
$75,000
None of above
Expert Answer
As the highest weight is given to the most recent period, the sales for last year is $69000 and weight is 0.50.
Sales for two months ago is $74000 and weight is 0.25
Sales for three months ago is $86000 and weight is 0.15
Sales for four months ago is $91000 and weight us 0.10
Using a weighted moving average method the forecast for a period
OR
PayPal Gateway not configured
OR
PayPal Gateway not configured