a. Using a simple three-month moving average, make a forecast for this month. (Round your answer to the nearest whole number.) Forecast for this month units. b. If 300 units were actually demanded this month, what would your forecast be for next month, again using a 3-month moving average? (Round your answer to the nearest whole number.), Forecast for the next month units. c. Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for three months ago was 425 units and the smoothing constant was 0.20? (Round your answer to the nearest whole number.) Forecast for this month units

a. Using a simple three-month moving average, make a forecast for this month. (Round your answer to the nearest whole number.) Forecast for this month units. b. If 300 units were actually demanded this month, what would your forecast be for next month, again using a 3-month moving average? (Round your answer to the nearest whole number.), Forecast for the next month units. c. Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for three months ago was 425 units and the smoothing constant was 0.20? (Round your answer to the nearest whole number.) Forecast for this month units

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.7: Exponential Smoothing Models

Problem 27P: The file P13_27.xlsx contains yearly data on the proportion of Americans under the age of 18 living...

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