The Toro Cutlery Company has collected monthly sales information below:

MONTH	SALES	MONTH	SALES	MONTH	SALES
January	15,000		May	91,000		September	26,000
February	14,000		June	28,000		October	91,000
March	52,000		July	82,000		November	66,000
April	105,000		August	58,000		December	80,000

The company is examining two forecasting methods, moving average and exponential smoothing for forecasting sales.

A.) What will the forecast be for January the following year using a three-, four-, and five-month moving averages? Do not round intermediate calculations. Round your answers to the nearest whole number.

Forecast (January, 3-month MA): ______

Forecast (January, 4-month MA): ______

Forecast (January, 5-month MA): ______

B.) What will the forecast be for January the following year using exponential smoothing with = 0.5? Assume the forecast for February this year is 15,000. Do not round intermediate calculations. Round your answer to the nearest whole number.

______