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Demand experienced over the last four months

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Demand experienced over the last four months was as follows:

Month Demand

Sept 65

Oct 61

Nov 61

Dec 61

If to forecast demand we were using a four-period weighted average (with w1=0.5, w2=0.3, w3=0.1, and w4=0.1. what would our forecast for January be?

Please show work.

Reference no: EM131892357

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