Question: answer all please a-f 2. The Dean of a school of business is forecasting the number of text books that will be sold for the

answer all please a-f

2. The Dean of a school of business is forecasting the number of text books that will be sold for the 2017 summer session based on the historical data in table 2 below: a) What is the forecast for 2017 using the naive approach? [2 pts] b) What is the forecast for 2017, using a three-year simple moving average? [3 pts] c) What is the forecast for 2017 , using a three-year weighted moving average with the weights 0.5 for 2016,0.3 for 2015 and 0.2 for 2014 ? [4 pts] d) What is the forecast for 2017 , using exponential smoothing with alpha =0.1, if last year's smoothed forecast was 326.044 ? [ 5 pts] e) What advantages as a forecasting tool does exponential smoothing have over moving averages [8 pts] f) How does the number of periods in a moving average affect the responsiveness of a forecast? [8 pts]

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