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Here are the data for the past 21 months for actual sales of a particular product: LAST YEAR THIS YEAR January 325 315 February 432

Here are the data for the past 21 months for actual sales of a particular product:

LAST YEAR THIS YEAR
January 325 315
February 432 335
March 455 340
April 495 445
May 440 415
June 475 385
July 390 355
August 330 285
September 350 350
October 490
November 580
December 495

Develop a forecast for the fourth quarter using a three-quarter, weighted moving average. Weight the most recent quarter 0.50, the second most recent 0.25, and the third 0.25. Do the problem using quarters, as opposed to forecasting separate months.(Round your answer to 2 decimal places.)

Forecast for the fourth quarter

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