Item$4$

$1$

points

Time Remaining $3$ hours $20$ minutes $4$ seconds$03$:$20$:$04$

eBookHintReferencesCheck my workCheck My Work button is now enabled$100$Item $4$

Time Remaining $3$ hours $20$ minutes $4$ seconds$03$:$20$:$04$

Problem $3-8($Algo$)$

Actual demand for a product for the past three months was:

Three months ago $390$ units

Two months ago $340$ units

Last month $295$ units

Using a simple three$-$month moving average, make a forecast for this month.

Note: Round your answer to the nearest whole number.

If $290$ units were actually demanded this month, what would your forecast be for next month, again using a three$-$month moving average?

Note: Round your answer to the nearest whole number.

Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for three months ago was $440$ units and the smoothing constant was $0\mathrm{.}20?$