1.(3 points)Buckeye Shoe Store predicted June shoe sales would be 650 pairs.Buckeye Shoe Store actually sold 690 pairs of shoes in June.Using a smoothing constant of = 0.15, forecast the July shoe sales using an exponential smoothing model.

2.(4 points) The following table represents the sales of tires at a local tire store. Using a 3-month moving average, forecast the sales of tires in the 4th and 5th months.Fill in the missing value of [a] and [b] in the table below.

Month Sales (Actual) Sales ( Forecast - 3month moving average)

1 2500

2 1500

3 1600

4 1800 [a]

5 2000 [b]