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What is the 3-month moving average forecast for may

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Reference no: EM132602190

A small company gathered sales data over the last 7 months as follows:Month SalesJanuary 198February 225
March 270

April 249

May 258

June 282

July 276

August

Do not round answers.

a) What is the 3-month moving average forecast for May?

b) What is the 2-month weighted moving average forecast for June using weights 3 and 1? Assign higher weight to the most recent period.

c) Given that the exponentially smoothed forecast for February is 198, what is the simple exponential smoothing forecast for March with α=0.5?

Reference no: EM132602190

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