Question: please explain this properly a,b ,c step by step Data collected on the yearly demand for 50-pound bags of fertilizer at Wallace Garden Supply are

please explain this properly a,b ,c step by step please explain this properly a,b ,c step by step
Data collected on the yearly demand for 50-pound bags of fertilizer at Wallace Garden Supply are shown in the following table: a. Develop a 3-year moving average to forecast sales. Then estimate demand again with a weighted moving average in which sales in the most recent year are given a weight of 2 and sales in the other 2 years are each given a weight of 1. b. Use exponential smoothing with a smoothing constant of 0.3 to forecast the demand for fertilizer. Assume that last period's forecast for year 1 is 5,000 bags. c. Determine the optimal smoothing constant in part b. Year 1 2 3 4 5 6 7 8 9 10 11 Demand for Fertilizer (1,000s of Bags) 4 6 4 5 10 8 7 9 12 14 15

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