Question: QUESTION 5 Bob the Builder has gone back into the lumber business and uses a weighted moving average method to forecast nail sales. Weights of

QUESTION 5 Bob the Builder has gone back into the lumber business and uses a weighted moving average method to forecast nail sales. Weights of 2.5 to the previous month's demand, 2.0 to demand two months ago, and 1.50 to demand three months ago. If sales amounted to 1479 pounds of nails in May, 2419 pounds in June, and 2448 pounds in July, what should be the forecast for August? Month Weight Demand May 1.5 1479 June 2.0 2419 July 2.5 2448 August QUESTION 7 Suppose that the demand in Year 1 was 59 units and the demand in Year 2 was 82 units. Assume that the forecast for Year 1 was for 68 units. The firm uses exponential smoothing with an alpha value of 0.42. What should be the forecast for year 3? (Round answers to two decimal places.) Year Demand Forecast 1 59 68 2 82 3

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