Question: THE FOLLOWING TABLE IS FOR PROBLEMS 1 TO 6. Month Actual Sales Forecast January 23 21 February 26 25 March 28 30 April 32 33

THE FOLLOWING TABLE IS FOR PROBLEMS 1 TO 6.

Month Actual Sales Forecast

January 23 21

February 26 25

March 28 30

April 32 33

May 36 34

June 44 45

1. What is the 4-month moving average forecast for July?

2. Using a weighted 4-month moving average, with a weight of 0.4 for the most recent value and weights of 0.3, 0.2 and 0.1 for successively older sales data, obtain the forecast for July.

3. Use single exponential smoothing with a smoothing constant of .65 to forecast sales for July.

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