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Table 2.1: Actual sales data for the reading glasses during 2021 Month Actual Sales (Pairs of reading glasses) January 2021 2 800 February 2021 3

Table 2.1: Actual sales data for the reading glasses during 2021

Month Actual Sales (Pairs of reading glasses)
January 2021

2 800

February 2021

3 000

March 2021

5 000

April 2021

4 000

May 2021

5 600

June 2021

8 000

July 2021

8 000

August 2021

7 900

September 2021

6 000

October 2021

4 050

November 2021

4 900

December 2021

5 550

Using the sales data of the reading glasses in Table 2.1 (question 3), answer the following questions:

4.1 Calculate the three-month-weighted-moving-average monthly forecasts for the period April 2021 - December 2021. Use weights of 0.5, and 0.2 for the most recent and oldest monthly data respectively and 0.3 for the middle month (show all workings). (9 marks)

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