Hoops, Inc., produces videos on the art of shooting in basketball. The firm has experienced the following demand for the first 6 months of the year.
Month Demand
Jan. 4,000
Feb. 6,000
Mar. 10,000
Apr. 2,000
May 20,000
June 30,000
What is the forecast for July using a 4-month weighted moving average forecast, where (1)the weight for the most recent month is three times more than the weight for the period that's four months in the past, (2)the weight for two periods ago is the same as the weight for the most recent period, (3)the weight for three periods ago is the same as the weight for the demand four periods ago, and (4)the weights sum to 100%?

Question

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The Answer of Hoops, Inc., produces videos on the art of shooting in basketball. The firm has experienced the following demand for the first 6 months of the year.
Month Demand
Jan. 4,000
Feb. 6,000
Mar. 10,000
Apr. 2,000
May 20,000
June 30,000
What is the forecast for July using a 4-month weighted moving average forecast, where (1)the weight for the most recent month is three times more than the weight for the period that's four months in the past, (2)the weight for two periods ago is the same as the weight for the most recent period, (3)the weight for three periods ago is the same as the weight for the demand four periods ago, and (4)the weights sum to 100%?