Multiple Choice
In Q1, a firm sold 23,000 units of a particular product. In Q2, the firm sold 25,000 and in Q3 22,850 units were sold. Assume weights of 0.7 and 0.3 (descending for older data) . What is the two period weighted moving average forecast for Q4?
A) 23,616
B) 23,525
C) 23,495
D) Forecast for Q4 cannot be determined from the information given
Correct Answer:
Verified
Correct Answer:
Verified
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