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The Business Analyst for Video Sales, Inc What Is the Forecast for This Year Using a Three-Year

question 110

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The business analyst for Video Sales, Inc. wants to forecast this year's demand for DVD decoders based on the following historical data:  Year  Enrollments  5 Years ago 900 4 Years ago 700 3 Years ago 6002 Years ago 500 Last Year 300\begin{array} { | l | c | } \hline \text { Year } & \text { Enrollments } \\\hline \text { 5 Years ago } & 900 \\\hline \text { 4 Years ago } & 700 \\\hline \text { 3 Years ago } & 600 \\\hline 2 \text { Years ago } & 500 \\\hline \text { Last Year } & 300 \\\hline\end{array}
What is the forecast for this year using a three-year weighted moving average with weights of .5, .3, and .2?

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Definitions:

Gross Domestic Product

The total value of all goods and services produced over a specific time period within a country's borders, used as a comprehensive measure of economic activity.

Tires Purchased

The acquisition of tires, highlighting consumer or business buying behavior in the automotive market segment.

Calculating

The process of using mathematical techniques and operations to determine quantities, values, or results, often involving numbers and equations.

Aggregate Expenditure

The total amount spent on an economy’s goods and services, by households, businesses, the government, and foreign buyers.

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