Question: 1 . You are a supply chain analyst for a company that manufactures and distributes solar - powered garden lights. Due to a rising interest

1. You are a supply chain analyst for a company that manufactures and distributes solar-powered garden lights. Due to a rising interest in renewable energy products, sales have been steadily increasing. Your task is to forecast the next month's sales to ensure that production aligns with demand. [15 pts]
Monthly Sales Data (in units) for Solar-Powered Garden Lights (2023)
Month
Sales
January
4000
February
4050
March
4100
April
4150
May
4200
June
4250
July
4300
August
4350
September
4400
October
4450
November
4500
December
4550
a. Using the Simple Exponential Smoothing method, forecast the sales for the next month (January of the following year) using alpha =0.1.
Calculate and use the tracking signal to monitor the accuracy of the forecast. Comment on whether the forecast is performing well.
Hint: Tracking signal is based on historical data

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