The Toro Cutlery Company has collected monthly sales information below:

MONTH	SALES	MONTH	SALES	MONTH	SALES
January	19,000		May	87,000		September	29,000
February	15,000		June	29,000		October	78,000
March	43,000		July	78,000		November	91,000
April	80,000		August	52,000		December	96,000

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

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):

What will the forecast be for January the following year using exponential smoothing with = 0.5? Assume the forecast for February this year is 19,000. Do not round intermediate calculations. Round your answer to the nearest whole number.