In Q1, a firm sold 23,000 units of a particular product. In Q2, the firm sold 25,000, and in Q3 22,850 units were sold. Assume weights of 0.5, 0.3, and 0.2 (descending for older data). What is the three period weighted moving average forecast for Q4?
a. 23,616
b. 23,525
c. 22,850
d. Forecast for Q4 cannot be determined from the information given
b. 23,525
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What will be an ideal response?