A firm has had the following order history over the last 4 months: 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

Question

Quizplus · Accepted Answer

The weighted moving average forecast for March is calculated as follows: (150 * 0.6) + (100 * 0.3) + (80 * 0.1) = 90 + 30 + 8 = 128.0.

A Firm Has Had the Following Order History Over the Last