First Question Previous Question Question 16 of 20 Next Question Last QuestionUnsaved change Moving to another question will save this response. Question 16 Using a weighted moving average with 2 time periods, forecast the income for August. Use 2 for the most recent period and 1 for the next most recent. What is the forecast amount for August? Consulting income at Kate Walsh Associates for the period of January - July has been as follows: MONTH INCOME (1000s) Weighted Moving Average Error Exponential Smoothing Alpha .3 Error January 70.0 75.0 February 68.5 March 64.8 April 76.2 May 71.3 June 72.8 July 78.8 August A. 75.8 B. 75.2 C. 76.8 D. 115.2