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LCA All Natural wants to forecast their August demand for their Kalamansi soap variant. The past 6 months sales are as follows: Jan 600 April

LCA All Natural wants to forecast their August demand for their Kalamansi soap variant. The past 6 months sales are as follows:

Jan 600 April 800
Feb 540 May 690
March 730 June 575
NAIVE 3mos moving average 3mos weighted average Expo smoothing
JULY
  1. What is the forecast for July using the nave approach?
  2. What is the forecast for July using a three-period moving average?
  3. What is the forecast for July using a three-months weighted moving average with weights of 0.2 for April, 0.3 for May and 0.5 for June?
  4. Calculate the July forecast using the exponential smoothing using image text in transcribed = 0.20 as your smoothing constant

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