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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

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

Price Per Chip

Month

Price Per Chip

January

$1.80

July

$1.80

February

$1.61

August

$1.85

March

$1.60

September

$1.60

April

$1.85

October

$1.57

May

$1.90

November

$1.62

June

$1.95

December

$1.75

This exercise contains only part d.

Part 2

With = 0.1 and the initial forecast for October of $1.79, using exponential smoothing, the forecast for periods 11 and 12 is (round your responses to two decimal places):

Month

Oct

Nov

Dec

Forecast

$1.79

This question contains more parts that I will post below

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