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Exhibit 11.2 The Following Questions Use the Data Below

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Exhibit 11.2
The following questions use the data below.
Honest Al's Used Cars wants to predict how many cars are sold each month. He has collected data for 12 months. He needs your help in analyzing this data using weighted moving averages. Exhibit 11.2 The following questions use the data below. Honest Al's Used Cars wants to predict how many cars are sold each month. He has collected data for 12 months. He needs your help in analyzing this data using weighted moving averages.   -Refer to Exhibit 11.2. What is the 2-month weighted moving average forecast for month 3 using the weight in the spreadsheet? Associate weight w<sub>1</sub> with sales in time period 2 and w<sub>2</sub> with sales in time period 1. A)  72.44 B)  75.00 C)  76.59 D)  77.56
-Refer to Exhibit 11.2. What is the 2-month weighted moving average forecast for month 3 using the weight in the spreadsheet? Associate weight w1 with sales in time period 2 and w2 with sales in time period 1.


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