Betty's House of Waffles uses a weighted moving average method to forecast waffle sales. It assigns a weight of 7 to the previous month's demand, 4 to demand two months ago, and 3 to demand three months ago. If sales amounted to 1400 waffles in May, 1700 waffles in June, and 2200 waffles in July, what should be the forecast for August?
A) 1410
B) 1885
C) 1967
D) 2067
E) 1622

Question

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The Answer of Betty's House of Waffles uses a weighted moving average method to forecast waffle sales. It assigns a weight of 7 to the previous month's demand, 4 to demand two months ago, and 3 to demand three months ago. If sales amounted to 1400 waffles in May, 1700 waffles in June, and 2200 waffles in July, what should be the forecast for August?
A) 1410
B) 1885
C) 1967
D) 2067
E) 1622

Betty's House of Waffles Uses a Weighted Moving Average Method