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Problem 1 8 - 4 ( Algo ) Here are the data for the past 2 1 months for actual sales of a particular product:

Problem 18-4(Algo)
Here are the data for the past 21 months for actual sales of a particular product:
\table[[,LAST YEAR THIS YEAR,],[January,335,280],[February,455,400],[March,465,350],[April,440,390],[May,418,400],[June,440,340],[July,440,395],[August,320,270],[September,360,400],[October,540,],[November,560,],[December,530,]]
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 place:.)
Forecast for the fourth quarter
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