Scenario 7 -Develop Forecasts for June Through October Using These Techniques: Moving

Essay

Scenario 7.4 - Marshmallow Madness
Historical demand for Peeps is as displayed in the table.
$$\begin{array} { | c | c | } \hline \text { Month } & \text { Demand } \\\hline \text { January } & 11 \\\hline \text { February } & 18 \\\hline \text { March } & 31 \\\hline \text { April } & 39 \\\hline \text { May } & 44 \\\hline \text { June } & 53 \\\hline \text { July } & 67 \\\hline \text { August } & 82 \\\hline \text { September } & 96 \\\hline\end{array}$$
-Develop forecasts for June through October using these techniques: moving average of two period,simple exponential smoothing with an alpha of 0.8,and Holt's method.For the exponential smoothing model assume that the forecast for May is the actual demand for May.Comment on the use of these three methods to generate a forecast in this situation.