Based on the Information Shown Below, Develop Forecasts for June

Essay

Based on the information shown below, develop forecasts for June using both a two-period moving average model and an exponential smoothing model with α = 0.10. For the exponential smoothing model, assume the forecast for February was 800. $\begin{array}{|l|c|}\hline \text { Month } & \text { Actual Demand } \\\hline \text { February } & 850 \\\hline \text { March } & 900 \\\hline \text { April } & 975 \\\hline \text { May } & 950 \\\hline\end{array}$