Not all the items in your office supply store are evenly distributed

Not all the items in your office supply store are evenly distributed as far as demand is concerned, so you decide to forecast demand to help plan your stock. Past data for legal-sized yellow tablets for the month of August are

 

   
  Week 1 200    
  Week 2 300    
  Week 3 500    
  Week 4 600    

   

a.

Using a three-week moving average, what would you forecast the next week to be? (Round your answer to the nearest whole number.)

 

  Forecast for the week 5 [removed]  

 

b.

Using exponential smoothing with α = 0.40, if the exponential forecast for week 3 was estimated as the average of the first two weeks [(200 + 300)/2 = 250], what would you forecast week 5 to be? (Round your answer to the nearest whole number.)

 

  Forecast for the week 5 [removed]  

 

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