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Question: ba357 hw3 forecasting a sales manager wants to forecast monthly...

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BA357 HW3 Forecasting A sales manager wants to forecast monthly sales of the machines the company makes using the following monthly sales data Month Balance 3,803 $3.469 3,442 $3.469 $4.442 $3,728 Use the information in the table above. Forecast the monthly sales of the machine for month 9, using the three-month moving-average method. 1. Use the information in the table above. Use the 3-month weighted moving-average method to calculate the forecast for month 9. The weights are 0.60, 0.30, and 0.10, where 0.60 refers to the most recent demand. 2. Month Demand anuary 480 March535 May June February 590 630 3. Use the information in the table above. Use an exponential smoothing model with a smoothing parameter of 0.30 and an April forecast of 525 to determine what the forecast sales would have been for June.
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