A firm has had the following order history over the last 4 months:
November 140
December 80
January 100
February 150
a) 117.5
b) 228.1
c) 118.0
d) 128.0
e) 132.4
Answer: d) 128.0
November 140
December 80
January 100
February 150
What is the weighted moving average forecast for March, assuming a weight of 60% for the most recent month, 30% for the month preceding the most recent month, and 10% for the month preceding that one?
a) 117.5
b) 228.1
c) 118.0
d) 128.0
e) 132.4
Answer: d) 128.0