Weighted Average Forecasting
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Perform a weighted average forecasting with weights 0.5, 0.3 and 0.2, starting with the most recent month, for the following data.
Month Demand
January 21
February 23
March 34
April 32
May 33
June 35
July 30
August 26
September 24
October 25
November 26
December 28
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Solution Summary
A weighted average forecasting has been performed in EXCEL.
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