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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 fivemonth moving averages? Do not round intermediate calculations. Round your answers to the
nearest whole number.
Forecast Januarymonth MA:
Forecast Januarymonth MA:
Forecast Januarymonth MA:
b What will the forecast be for January the following year using exponential smoothing with Assume the forecast for February this year is Do not round intermediate
calculations. Round your answer to the nearest whole number.
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