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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 2019 = 160,
A company wants to forecast demand using the weighted moving average. If the company uses three prior yearly sales values (i.e., year 2019 = 160, year 2019 = 140, and year 2020 = 170), and we want to weight year 2018 at 30 percent, year 2019 at 30 percent, and year 2020 at 40 percent, which of the following is the weighted moving average forecast for year 2021?
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