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A company wants to forecast demand using the weighted moving average. If the company uses two prior yearly sales values ( i . e .

A company wants to forecast demand using the weighted moving average. If the company uses two prior yearly sales values (i.e., year 2021=108 and year 2022=117), and we want to weight year 2021 at 79 percent and year 2022 at the remaining percentage, what is the weighted moving average forecast for year 2023? Please keep two decimals.

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