Betty's House of Flapjacks uses a weighted moving average method to forecast flapjack sales. It assigns a weight of 6 to the previous month's demand, 4 to demand two months ago, and 3 to demand three months ago. If sales amounted to 1100 flapjacks in May, 2000 flapjacks in June, and 2500 flapjacks in July, what should be the forecast for August?
A) 2400
B) 2023
C) 2167
D) 3767
E) 1622
Correct Answer:
Verified
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