Calculate the 3-month moving average forecast

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Reference no: EM131867631

Handy, Inc., produces a solar-power electronic calculator that experienced the following monthly sales history for the first three months of Year 2016, in 1,000s.

- Calculate the 3-month moving average forecast for the demand in April. For full credit, please include the formula, at least one step of calculation, and the correct answer for the forecast.

- Suppose the forecast for January was 30. Determine the forecast for February using exponential smoothing with a=0.2. For full credit, please include the formula, at least one step of calculation, and the correct answer for each forecast.

Month	Actual Sales
January	20
February	30
March	35

Reference no: EM131867631

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