Question: Please provide step-by-step. 2. A coffee chain sells temperature-controlled smart mugs at $130 each. The monthly sales of mugs for the last twelve months in

Please provide step-by-step. Please provide step-by-step. 2. A coffee chain

2. A coffee chain sells temperature-controlled smart mugs at $130 each. The monthly sales of mugs for the last twelve months in 2021 were: a) Develop a 4-year moving average to forecast each month from May 2021 through January 2022. (8 pts) b) Estimate sales again for May 2021 through January 2022 within a 4-year weighted moving average in which sales in the most recent month are given a weight of 3 and 2 , and sales in the other 2 months are each given a weight of 1 . (8 pts) c) Compute the forecasts for each month using exponential smoothing, with an initial forecast value 721 for May 2021. Use =0.3. (8 pts) d) Using MAD, which of the three forecasting methods is best? (8 pts) e) Using MAPE, which of the three forecasting methods is best? (8 pts) f) Forecast sales for January of 2022, using trend projection. (10 pts)

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