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Compute the seasonality index for each month of the year

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Reference no: EM13891516

The monthly demand for WMT Corporation for the past five years is shown in the table below. Forecast the total demand for year 6 using exponential smoothing. Assume the initial forecast for year 1 is 70,000 and the smoothing constant is 0.3. After estimating the forecast for year 6, compute the seasonality index for each month of the year and estimate the monthly demand for year 6.

Sales Year 1 Year 2 Year 3 Year 4 Year 5
Jan 2000 3000 2000 5000 5000
Feb 3000 4000 5000 4000 2000
March 3000 3000 5000 4000 3000
April 3000 5000 3000 2000 2000
May 4000 5000 4000 5000 7000
Jun 6000 8000 6000 7000 6000
July 7000 3000 7000 10000 8000
Aug 6000 8000 10000 14000 10000
Sept 10000 12000 15000 16000 20000
Oct 12000 12000 15000 16000 20000
Nov 14000 16000 18000 20000 22000
Dec 8000 10000 8000 12000 8000

Reference no: EM13891516

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