please answer fast A small company gathered sales data over the last 7 months as follows:Month SalesJanuary 267February 273March234April261May270June213July261AugustDownload CSVDo not round answers.a) What is the 3-month moving average forecast for May?b) What is the 2-month weighted moving average forecast for April using weights 5 and3? Assign higher weight to the most recent period.c) Given that the exponentially smoothed forecast for February is 267, what is thesimple exponential smoothing forecast for April with a = = 0.2?

Your solution is in below attachment. Further any clarification please comment. Thank you.…

Answered: A small company gathered sales data…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.6: Moving Averages Models

Problem 22P: The file P13_22.xlsx contains total monthly U.S. retail sales data. While holding out the final six...

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