Question - DFG Clocks has the following demand history for the past six months:
January 54
February 62
March 74
April 65
May 50
June 58
a. Using a three-month moving average, find the July forecast.
b. Using a weighted moving average with weights of 0.70, 0.20, and 0.10. Find the July forecast.
c. Using exponential smoothing with α=0.25 and a June forecast of 56, find the July forecast.