Question: What is the forecast for May based on a 3 month weighted moving average applied to the following past demand data and using the weights:

What is the forecast for May based on a 3 month weighted moving average applied to the following past demand data and using the weights: 8, 6, 3 (largest weight is for most recent data)? Then forecast the same data based on utilizing exponential smoothing with and alpha of 25, and an initial forecast of 34. Nov. Dec. Jan. Feb. Mar. April 38 36 40 45 53 43 a. What is the forecast for May using a weighted moving average forecast? Select b. What is the MAD of the weighted moving average forecast? [ Select) c. What is the forecast based on exponential smoothing? | Select) ntial smoothing forecast

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