Using Data Set E1,what would be the forecast for period 6 using a five period weighted moving average? The weights for each period are 0.05,0.10,0.20,0.30,and 0.35 from the oldest period to the most recent period,respectively.(Choose the closest answer. )
A)16490
B)17825
C)14575
D)16275

Question

Quizplus · Accepted Answer

The forecast for period 6 using a five-period weighted moving average is calculated by multiplying each of the last five periods' data by their respective weights and summing the results. The closest answer to this calculation is 16490.

Using Data Set E1,what Would Be the Forecast for Period