Question: ITSCM 306 Practice Problems Set-1 2. Assume that your stock of sales merchandise is maintained based on the forecast demand. If the distributor's sales personnel

ITSCM 306 Practice Problems Set-1 2. Assume that your stock of sales merchandise is maintained based on the forecast demand. If the distributor's sales personnel call on the first day of cach month, compute the forecast sales by each of the three methods requested here Actual June 155 July 185 August 165 a. Using simple three-month moving average, what is the forecast for September? b. Using a weighted moving average, what is the forecast for September with weights of 0.10, 0.30, 0.60 for June, July, and August respectively? c. Using single exponential smoothing and assuming that the forecast for June had been 130, forecast sales for September with a smoothing constant of alpha 0.40

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