What is the forecast for May based on a weighted moving average applied to the following past demand data and using the weights: 4,3,2 (largest weight is for most recent data)?
Definitions:
Two-part Tariff
A pricing strategy that consists of two parts: a fixed fee plus a variable charge based on the quantity of the product or service used.
Marginal Cost
The rise in expenditure from the production of a supplementary unit of a product or service.
Profit-maximizing
A process where a business establishes the price and production scale that ensures the highest return.
Demand
The quantity of a good or service that consumers are willing and able to purchase at various prices during a certain period.
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