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After estimating the forecast for year 6 compute the

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

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Microeconomics: After estimating the forecast for year 6 compute the

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