Question: Question 2 (20 points) The quarterly sales for specific educational software over the past three years are given in the following table. YEAR 1 YEAR

Question 2 (20 points) The quarterly sales for specific educational software over the past three years are given in the following table. YEAR 1 YEAR 2 YEAR 3 Quarter 1 1500 1800 2000 Quarter 2 900 1000 1000 Quarter 3 3500 3700 4000 Quarter 4 2000 2500 3000 a) (10 points) Estimate the seasonal factors. b) (10 points) Suppose annual demand is forecasted by adjusted exponential smoothing method. After observing the demand for year 3, exponential smoothing forecast year 4 (before adjusting for trend) for is 10,000 and trend estimate is 1,000. Forecast demand in i. Quarter 1 in year 4 ii. Quarter 1 in year 5.

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