Question: Based on the information shown below, develop forecasts for April to October using: A 3-period weighted moving average model (w 1 = 0.5, w 2

Based on the information shown below, develop forecasts for April to October using:

A 3-period weighted moving average model (w₁ = 0.5, w₂ = 0.3, and w₃ = 0.2).
An exponential smoothing model with = 0.35. Assume the forecast for March was 950.

Based on the information shown below, develop

1. Based on the information shown below, develop forecasts for April to October using: (a) A 3-period weighted moving average model (w1 = 0.5, W2 = 0.3, and w3 = 0.2). (b) An exponential smoothing model with a =0.35. Assume the forecast for March was 950. Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Actual Demand 1050 975 1000 870 970 1220 1170 1150 1235 1275

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