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please help. Lloyd's Department Store in Montego Bay, Jamaica is trying to determine the amount of sales lost while it was shut down because of

please help.

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Lloyd's Department Store in Montego Bay, Jamaica is trying to determine the amount of sales lost while it was shut down because of summer floods. Sales data for January through June are shown in Table 2 below. Table 2 Month Sales ($1.000s) January 185.72 February 167.84 March 205.11 210.36 May 255.57 June 261.19 a. Redraw the table and include another column by computing forecasts using exponential smoothing, with a= 0.4, to develop a forecast for July and August. Show all working for calculations. (Hint: Use the forecast for July as the actual sales in July in developing the August forecast.) Comment on the use of exponential smoothing for forecasting more than one period into the future. (12 marks) b. By redrawing the above table, use lineal trend projection to forecast sales for July and August (12 marks) c. Lloyd's insurance company proposed a settlement based on lost sales of $240,000 in July and August. Is this amount fair? If not, what amount would you counter with? (6 marks)

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