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The Toro Cutlery Company has collected monthly sales information below: The company is examining two forecasting methods, moving average and exponential smoothing for forecasting sales.

The Toro Cutlery Company has collected monthly sales information below:
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 a=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.
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