Question: QUESTION 3 (25) 3. Exponential Smoothing Calculation (20) The forecasting information for Siyafunda Trading is provided in the table below: Month Actual Sales Units Year

QUESTION 3 (25)

3. Exponential Smoothing Calculation (20)

The forecasting information for Siyafunda Trading is provided in the table below:

Month Actual Sales Units Year 2020

January 5025

February 6550

March 7860

April 9655

May 3452

June 7890

July 8665

August 12775

September 10980

October 15760

November 9730

December 4950

3.1 Calculate the 2021 forecast for Siyafunda Trading using the exponential smoothing forecasting technique with a smoothing constant of 0.2 and forecast for January 2021 sales of 7025 units. (20)

3.2 Explain the requirements one would use to effectively manage its inventory (5)

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