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(Solution Library) The following data summarizes the historical demand for a product Month Actual Demand March 20 April 25 May 40 June 35 July 30 August 45 Use

Question: The following data summarizes the historical demand for a product

Month Actual Demand
March 20
April 25
May 40
June 35
July 30
August 45

Use a weighted moving average method with weights w1 = .2, w2 = .3 and w3 = .5 and determine the forecasted demand for August and September.

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