5.1 As noted in the case study Operations leaders must fully rethink their organizations and capabilities to deliver not only shortterm financial improvement, but also longer-term value creation through efficiency, resilience, agility, and digitization. In light of this Khanyi Cycles a manufacturer of bikes has just started selling the new Cyclone Mountain Bike, with the monthly sales as shown in the table. First co-owner Bob Mabhena wants to forecast using exponential smoothing by initially setting February's forecast equal to January's sales with a smoothing constant of 0.1. Co- Owner Sizwe on the other hand wants to use a three-period moving average. (Round off to 2 decimal places) 5.1.1 Complete the table and highlight the forecast figures for the months of April and May for both Bob and Sizwe and comment on the appropriateness of the forecasting methods applied. Assume sales for May are 405 . (6 marks) 5.2 Mr Brown a small-scale manufacturer of musical instruments thinks that the demand for guitars may be related to the number of television appearances by the popular group Maroon 5 during the previous month. He has collected the data shown in the following table (Round off to 3 decimal places) 5.2.1 Using the least squares regression method derive a forecasting equation. Determine the estimate for guitar sales if Maroon 5 performed on TV nine times last month? (14 marks)