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A small company gathered sales data over the last 7 months as follows: Month Sales January 2 5 2 February 2 0 4 March 2

A small company gathered sales data over the last 7 months as follows:
Month Sales
January 252
February 204
March 228
April 216
May 249
June 264
July 267
August
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Do not round answers.
a) What is the 3-month moving average forecast for August?
Correct
b) What is the 2-month weighted moving average forecast for April using weights 3 and 2? Assign higher weight to the most recent period.
Correct
c) Given that the exponentially smoothed forecast for February is 252, what is the simple exponential smoothing forecast for April with
\alpha
=
0.3
?

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