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6 December, 14:12

The owner of Darkest Tans Unlimited in a local mall is forecasting this month's (October's) demand for the one new tanning booth based on the following historical dа ta:

col1 Month April May June July August September

col2 Number of Visits 100 140 110 150 120 160

What is this month's forecast using a four-month weighted moving average with weights of. 4 ...3.2, and. 1?

a. 135

b. 120

c. 129

d. 140

e. 141

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Answers (1)
  1. 6 December, 17:26
    0
    e. 141

    Explanation:

    We will multiply the values of the last four month by the weight estimated for each one. Then we add them together to get the budget sales for October

    Month Units weight weighted amount

    September 160 x 40% 64

    August 120 x 30% 36

    July 150 x 20% 30

    June 110 x 10% 11

    October: 141
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