Question: Please answer parts e and f Question 2. (Total 50 points) Darrin owns a company that sells and installs hot tubs; sales are fairly consistent

Please answer parts e and f Question 2. (Total 50Please answer parts e and f

Question 2. (Total 50 points) Darrin owns a company that sells and installs hot tubs; sales are fairly consistent from year to year. The table below shows average sales per month for the previous year. Month October November December January February March | April Average Sales per Month 550 450 600 850 925 675 500 Based on last year's data, calculate the forecasts for average sales per month for January - April, using the different methods below. a) Calculate the simple 3-month moving average forecast for January - April. (6 points) b) Calculate the weighted 3-month moving average for January - April using weights of 0.55, 0.30, and 0.15 (highest weight for the most recent period). (6 points) c) Calculate the single exponential smoothing forecast for January April using an initial forecast (F1) for October of 500, and an a of 0.45. (8 points) d) Determine the equation of the linear trend line based on the data from October April; indicate the forecast for January - April. (10 points) e) Calculate the trend-adjusted exponential smoothing forecasts for January April using an initial trend forecast (T.) for October of 50, and initial exponential smoothing forecast (S.) for October of 500; also, use an a of 0.35 and a of 0.50. (10 points) f) Calculate the Mean Squared Error (MSE) for the forecasts made by each technique in January April. Based on MSE, which forecasting method is preferred? Using the preferred technique forecast the average sales per month for the following 2 months (May and June). (10 points)

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