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The XYZ Energy Corporation explores for and produces oil and gas. Company President, Megan, wants to have her companys analyst forecast the companys sales for

The XYZ Energy Corporation explores for and produces oil and gas. Company President, Megan, wants to have her companys analyst forecast the companys sales for 2021. This will be an important forecast since XYZs restructuring plans have hit a snag. The data are represented below:

Year

Sales per share

Year

Sales per share

1995

0.93

2008

5.33

1996

1.35

2009

8.12

1997

1.48

2010

10.65

1998

2.36

2011

12.06

1999

2.45

2012

11.63

2000

2.52

2013

6.58

2001

2.81

2014

2.96

2002

3.82

2015

1.58

2003

5.54

2016

2.99

2004

7.16

2017

3.69

2005

1.93

2018

3.98

2006

5.17

2019

4.39

2007

7.72

2020

3.52

Using a six-year moving average and exponential smoothing, determine the best forecasting method and forecast the sales per share for 2021. Justify your answer. Note that you are the research analyst in this case (hence, you determine the rest of the parameters).

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