$4$

Problem $3-8($Algo$)$

$1\mathrm{.}5$ points

Actual demand for a product for the past three months was:

$\backslash$table$[[$Three months ago,$410$ units$],[$Two months ago,$360$ units$],[$Last month,$325$ units$]]$

a$.$ Using a simple three$-$month moving average, make a forecast for this month.

Note: Round your answer to the nearest whole number.

Forecast for this month

$365$

units

b$.$ If $284$ units were actually demanded this month, what would your forecast be for next month, again using a three$-$month moving average?

Note: Round your answer to the nearest whole number.

$\backslash$table$[[$Forecast for the next month,$323,$units$]]$

c$.$ Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for three months ago was $460$ units and the smoothing constant was $0\mathrm{.}40?$

Note: Round your answer to the nearest whole number.