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:
Perpetual Inventory System
An inventory management method where records of inventory quantities are updated in real-time after every transaction.
Closing Entries
Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts.
Merchandising Company
A business that purchases finished goods for resale, making a profit on the difference between the buying and selling prices.
Service Company
A business that provides intangible products (services) to consumers, as opposed to selling physical goods.
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