Question: Please Show All Workings Very Clearly! Using the below information, forecast the sales from April to August using the 3-month simple moving average method, and

Please Show All Workings Very Clearly!

Using the below information, forecast the sales from April to August using the 3-month simple moving average method, and then, the sales from February to August using the exponential smoothing method assuming = 0.4, and forecasted January sales as 700 units. Thereby, determine the most suitable forecasting method between the 3-month simple moving average and exponential smoothing methods, using Mean Absolute Deviation (MAD).

Please Show All Workings Very Clearly! Using the

+ Sales (Units) 600 500 Month January February March April May June 700 1000 800 600 July 700 800 August

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