Question: Please show all your work for maximum credits. 1. Historic demand for a product is Month Demand January 12 February 11 March 15 April 12

Please show all your work for maximum credits. 1. Historic demand for a product is Month Demand January 12 February 11 March 15 April 12 May June 15 16 a) Using a weighted 3-month moving average with weights of 0.60, 0.30, and 0.10, Find the July forecast. (Note: the most recent period should be given greater weight) b) Using a simple 3-month moving average, find the July forecast c) Using single exponential smoothing with ] = 0.4 and a June forecast = 14, find the July forecast

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