Question: Problem 3-22 (Algo) Your manager is trying to determine what forecasting method to use. Based upon the following historical data, calculate the following forecast and

Problem 3-22 (Algo) Your manager is trying toProblem 3-22 (Algo) Your manager is trying to

Problem 3-22 (Algo) Your manager is trying to determine what forecasting method to use. Based upon the following historical data, calculate the following forecast and specify what procedure you would utilize. MONTH 1 2 3 4 5 6 7 8 9 10 11 12 ACTUAL DEMAND 61 64 67 66 71 70 73 74 74 83 84 86 8w8 d. Calculate the exponential smoothing with trend component forecast for periods 212 using an initial trend forecast (T 1 of 1.70, an initial exponential smoothing forecast (F1) of 65, an a of 0.30, and a 5 of 0.20. (Do not round intermediate calculations. Round your answers to 3 decimal places.) Month Three-Month Weighted Moving Average 66.490 2 3 67.054 67.250 4 Oon 7 8 9 10 11 12

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