Data collected on the yearly demand for 50-pound bags of fertilizer at Wallace Garden Supply are shown in the following table: YEARDEMAND FOR FERTILIZER(1,000S OF BAGS)1426344551068778991210141115a) Forecast demand again with a weighted moving average in which sales in the most recent year are given a weight of 2 and sales in the other 2 years are each given a weight of 1?

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Answered: Data collected on the yearly demand for…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Data collected on the yearly demand for 50-pound bags of fertilizer at Wallace Garden Supply are shown in the following table:

YEAR	DEMAND FOR FERTILIZER (1,000S OF BAGS)
1	4
2	6
3	4
4	5
5	10
6	8
7	7
8	9
9	12
10	14
11	15

a) Forecast demand again with a weighted moving average in which sales in the most recent year are given a weight of 2 and sales in the other 2 years are each given a weight of 1?

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