Question: Use a three year moving average forecasting model to forecast sales of heaters. Sales of Hot-Blast heaters have grown steadily dur- ing the past five

Use a three year moving average forecasting model to forecast sales of heaters.

Sales of Hot-Blast heaters have grown steadily dur- ing the past five years, as shown in the following table: YEAR SALES 480 525 S48 S93 6 l4 UthWMpI (21) Using exponential smoothing constants of 0.35. 0.65, and 0.95, develop forecasts for years 2 through 6. The sales manager had pre- dicted, before the business started. that year l's sales would be 440 air conditioners. Which smoothing constant gives the most accurate forecast? (13) Use a three-year moving average forecasting model to forecast sales of heaters

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