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Q. Historical demand for a product is:
Month Demand January 12 February 11 March 15 April 12 May 16 June 15
a. Using a weighted moving average with weights of 0.60, 0.30, also 0.10, find the July forecast.
b. Using a simple three-month moving average, find the July forecast.
c. Using single exponential smoothing with α = 0.2 also a June forecast = 13, find the July forecast. Make illustrate whatever assumptions you wish. List these assumptions.
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