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Jeff Brown has collected sales data for his cupcake stand.Calculate the weighted moving average forecast for period 13with weights 0.6 and 0.4 given to the
Jeff Brown has collected sales data for his cupcake stand.Calculate the weighted moving average forecast for period 13with weights 0.6 and 0.4 given to the most recent and second most recent data points, respectively.Round your answers to 2 decimals.
Time: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12
Sales: 48, 41, 37, 32, 36, 31, 43, 52, 60, 48, 40.4, 30
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