Question: Exponential Smoothing Calculation (20) The forecasting information for Siyafunda Trading is provided in the table below: Month Actual Sales Units Year 2022 January 5025 February

Exponential Smoothing Calculation (20) The forecasting information for Siyafunda Trading is provided in the table below: Month Actual Sales Units Year 2022 January 5025 February 6550 March 7860 April 9655 May 3452 June 7890 July 8665 August 12775 September 10980 October 15760 November 9730 December 4950

1 Calculate the 2023 forecast for Siyafunda Trading using the exponential smoothing forecasting technique with a smoothing constant of 0.2 and forecast for January 2022 sales of 7025 units.

2 Explain the requirements one would use to effectively manage its inventor

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