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A firm has the following order history over the last 6 years. Month Orders January 130 February 140 March 110 April 95 May 125 June
A firm has the following order history over the last 6 years.
Month | Orders |
January | 130 |
February | 140 |
March | 110 |
April | 95 |
May | 125 |
June | 55 |
What would be a 3-month weighted moving average forecast for July, using weights of 70%(0.7), 20% (0.2) and 10% (0.1)? (Largest weight is multiplied by the most recent period)
options:
| 73 |
| 97 |
| 109.17 |
| 91.7 |
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