What is the forecast for the current month using a month

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Reference no: EM1380906

The time-series data (beginning with the oldest data) of the monthly sales (in $000s) at a department store for the last 6 months are: 85, 98, 112, 88, 102, and 98. What is the forecast for the current month using a 3-month weighted moving average technique weighting the most recent month's value by 4, the value for the previous month by 3, and the month before that by 1?

$98,250

$112,000

$99,500

$96,000

Reference no: EM1380906

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