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Use a three-year weighted moving average to forecast demand in the year 2007. The actual demand for the most recent year, 2006, is 45,000. Actual
Use a three-year weighted moving average to forecast demand in the year 2007. The actual demand for the most recent year, 2006, is 45,000. Actual demands for the years 2005 and 2004 are 53,000 and 49,000, respectively. Suppose the years 2005 and 2004 are weighted equally, while the year 2006 is weighted twice as much as the year 2005. What is the forecasted demand for the year 2007? Group of answer choices 48,200 48,000 47,400 49,000 Not enough information to calculate None of the above
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