Daily highs in Sacramento for the past week (from least to most recent) were: 95, 102, 101, 96, 95, 90 and 92
Develop a forecast for today using a weighted moving average, with a weights of .6, .3, and .1, where the highest weights are applied to the most recent data.
What will be an ideal response?
Answer: 91.7 = .6(92) + .3(90) + .1(95)
Business
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