1. A computer company’s monthly sales for a 6-month period are as follows:MonthSalesFeb 22KMar 16KApr 18KJan 18KMay 20KJune 24KCompute the sales forecast for July using the following time series model approaches.(a) a three-month moving average(b) a weighted three-month moving average using 0.5 for Jun, 0.3 for May and 0.2 for Apr.2. A cookie company’s yearly sales are as follows:YearDemand2016 12,6242017 15,8532018 17,9992019 20,000Forecast demand for 2020 using the following approaches (a) a three-year moving average(b) a three-year weighted moving average using 0.4 for Year 4, 0.2 for Year 3, and 0.4 for Year 2.Engineering & TechnologyIndustrial EngineeringSupply Chain Management
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