A local restaurant has recorded the demand for bottled water in each of the last 15 months of business. Use the recorded demand data below to develop three-period and four- period moving-average forecasts for bottles of water. Round off all calculations to two decimal places. Maintaining two decimal places is required for all calculations. What is the forecast for period 16 using the four-period weighted method? (Weights are t = 0.3, t – 1 = 0.2, t – 2 = 0.3 and t – 3 = 0.2) (The final forecast for period 16 should be rounded off to the nearest whole number) A. Less than or equal to 890 B. Greater than 890 but less than or equal to 900 C. Greater than 900 but less than or equal to 910 D. Greater than 910 but less than or equal to 920 E. Greater than 920
