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Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month

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Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month January February March Price Per Chip $1.90 $1.61 $1.60 Text $1.85 $1.90 $1.95 Month July August September October November December Price Per Chip $1.80 $1.85 $1.70 $1.55 $1.50 $1.75 April May June This exercise contains only parts a, b, and c. a) Using a 2-month moving average, the forecast for periods 11 and 12 is (round your responses to two decimal places): Jul Oct Noy Dec Month Mar Apr Forecast $1.76 1.61 May 1.73 Jun 1.88 Aug 1.88 Sep 1.83 1.93 1.78

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