Use a three- quarter weighted moving average

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Consider the monthly sales data of a company for last year as well as first six month data for current year. Use a three- quarter weighted moving average, Forecast the sales of company for 3rd Quarter of current year. Use Weights of 4/7, 2/7 and 1/7, giving more weight to more recent data. Note, the 1ist quarter is Jan, Feb and March , 2nd quarter is Apr, May, June, 3 rd quarter is July, Aug and Sept, and 4 th quarter is Oct, Nov and Deck

Reference no: EM131029170

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