This question is incomplete, the complete question is;
Given the Historical demand for a product;
DEMAND
January 19
February 18
March 22
April 19
May 23
June 22
Using a weighted moving average with weights of 0.50 (June), 0.30 (May), and 0.20 (April), find the July forecast. (Round your answer to 1 decimal place.)
Answer:
the July forecast is 21.7
Step-by-step explanation:
Given the data in the question;
July forecast will be;
(june × weight) + ( may × weight ) + ( april × weight)
so
July Forecast = (22 × 0.50) + (23 × 0.30) + (19 × 0.20)
July Forecast = 11 + 6.9 + 3.8
July Forecast = 21.7
