For Platinum Nugget Hotel in Las Vegas, Saturday is the best day of the week for business. The gambling take for the hotel on Saturdays over the past four weeks was:
Week Take
1 $250,000
2 $190,000
3 $300,000
4 $280,000
Platinum Nugget uses a 3-period weighted moving average to forecast demand with at = 0.6, at-1 = 0.3, and at-2 = 0.1.
A) Determine the forecast for week 5?