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Problem 18-13 Historical demand for a product is as follows: DEMAND April 62 May 57 June 82 July 62 August 87 September 82 a. Using a simple four-month moving average, calculate a forecast for October. (Round your answer to 2 decimal places.) Forecast for October b. Using single exponential smoothing with α = 0.10 and a September forecast = 56, calculate a forecast for October. (Round your answer to 2 decimal places.) Forecast for October c. Using simple linear regression, calculate the trend line for the historical data. Say the X axis is April = 1, May = 2, and so on, while the Y axis is demand. (Round your intercept value to the nearest whole number and slope value to 2 decimal places.) Y = + t d. Calculate a forecast for October using your regression formula. (Round your answer to 2 decimal places.) Forecast for October
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