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Problem 18-5 The following table contains the number of complaints received in a department store for the first 6 months of operation: MONTH COMPLAINTS January

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Problem 18-5 The following table contains the number of complaints received in a department store for the first 6 months of operation: MONTH COMPLAINTS January 3 7 February 4 8 March 8 4 April 96 May 1 1 4 June 1 4 8 If a three-month moving average is used to smooth this series, what would have been the forecast for May? -: Problem 18-8 Actual demand for a product for the past three months was Three months 390 ago units Two months 340 ago units Last month 295 units a. Using a simple three-month moving average, make a forecast for this month. (Round your answer to the nearest whole number.) Forecast for this month units b. If 290 units were actually demanded this month, what would your forecast be for next month, again using a 3-month moving average? (Round your answer to the nearest whole number.) Forecast for the next month units c. Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for three months ago was 440 units and the smoothing constant was 0.20? (Round your answer to the nearest whole number.) Forecast for this month units

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