Find the above attached question and give the answer properly.

2. You are trying to predict the demand of next month of a product. Historical data for the product is shown below: (10 Marks) Month Actual Demand January 62 February 65 March 67 April 68 May 71 June 73 July 76 August 78 September 78 October 80 November 84 December 85 a) Calculate the single exponential smoothing forecast model using alpha (a) as 0.3. b) Calculate forecast using 3 months weighted moving average, weightage for latest month is 0.5 and earliest month is 0.2. Page 2 of 3 c) Predict the demand for next month of January from the above forecast models. Which forecasted demand would you prefer and why