Question: 1 . ) The historical sales for a certain model of a single serve coffee maker at a specialty cookware store in units is: January,

1.)The historical sales for a certain model of a single serve coffee maker at a specialty cookware store in units is: January, 26; February, 20; March, 15; April, 26; May, 19, and June, 15. Using a 2-month moving average, what is the forecast for July? Round your answer to the nearest whole number.
July forecast:
If July experienced a demand of 17, what is the forecast for August? Round your answer to the nearest whole number.
August forecast:
2.)The historical sales for a certain model of a single serve coffee maker at a specialty cookware store in units is: January, 26; February, 21; March, 17; April, 23; May, 16, and June, 25. Use single exponential smoothing with \alpha =0.2, and compute the exponential smoothing forecasts for February through June. Do not round intermediate calculations. Round your answers to two decimal places.
3.)Forecasts and actual sales of MP3 players at Just Say Music are as follows:
Month Forecast Actual Sales
March 170160
April 243254
May 209197
June 244226
July 252223
August 270210
September 245215
October 276176
What is the forecast for November, using a two-period moving average? Round your answer to two decimal places.
What is the forecast for November, using a three-period moving average? Round your answer to two decimal places.
Compute MSE for the two- and three-period moving average models and compare your results. Do not round intermediate calculations. Round your answers to two decimal places.
MSE (two-period):
MSE (three-period):
Find the best number of periods for the moving average model based on MSE.
The moving average is a better model.

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