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Weighted moving average method to forecast pretzel sales

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Reference no: EM131222093

Christie's Pretzels uses a weighted moving average method to forecast pretzel sales. It assigns a weight of 5 to the previous month's demand, 3 to demand 2 months ago, and 1 to demand 3 months ago. If sales amounted to 500 pretzels in May, 1,200 pretzels in June, and 2,250 pretzels in July, what should be the forecast for August?

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Reference no: EM131222093

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