What should be the forecast for August?

There is a formula for the weighted moving average and it can be calculated by getting the product of the price or amount with the quotient of the number of amounts by its weight. Then those are added up together. In the other words, you first have to divide the weighting number first and then multiply each weighting number with the price or amount. Those numbers have to be added together.

Therefore, in the word problem, the weighting number is five, three or one and the number is the number of pancakes that sold for each month. When you use the formula to forecast the weighted moving average with the information given about the pancakes, you would result with the number 2511.

The answer to this is2511. The question states that to get the right answer, the weighted moving average method should be used. This method requires the use of multiplying the given price based on the weighting details. The values will then be totaled in order to get the answer. Take note that this is different from the moving average. This is something that a lot of people get confused about.

To get the weighted average you first need to multiply each number by its weight. Add all of the weighted scores. If you are using percentages, you should reach a total of 100%. This should be multiplied with 100 so that you can get the answer.