The owner of the Chocolate Outlet Store wants to forecast chocolate demand. Demand for the preceding four years is shown in the following table:

YEAR	DEMAND (POUNDS)
1	68,800
2	71,000
3	75,500
4	71,200

Forecast demand for year 5 using the following approaches: (1) a three-year moving average; (2) a three-year weighted moving average using 0.40 for year 4, 0.20 for year 3, and 0.40 for year 2; and (3) exponential smoothing with = 0.30, and assuming the forecast for period 1 = 68,000.

INCLUDE SPREADSHEET IN UPLOAD