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A company wants to forecast demand using the weighted moving average. If the company uses three prior yearly sales values i.e... year 2013 = 1598,
A company wants to forecast demand using the weighted moving average. If the company uses three prior yearly sales values i.e... year 2013 = 1598, year 2014 = 1374, and year 2015 = 1724 and we want to weight year 2013 at 30%, year 2014 at 30% and year 2015 at 40%, what is the weighted moving average forecast for year 2016
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