The monthly sales for Yazici Batteries, Inc., were as follows:| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec ||-------|-----|-----|-----|-----|-----|-----|-----|-----|------|-----|-----|-----|| Sales | 20 | 21 | 16 | 14 | 11 | 16 | 17 | 19 | 22 | 20 | 20 | 24 |**This exercise contains only parts b and c.**b) The forecast for the next month (Jan) using the naive method = [ ] sales (round your response to a whole number).The forecast for the next period (Jan) using a 3-month moving average approach = [ ] sales (round your response to two decimal places).The forecast for the next period (Jan) using a 6-month weighted average with weights of 0.10, 0.10, 0.10, 0.10, 0.20, 0.30, where the heaviest weights are applied to the most recent month = [ ] sales (round your response to one decimal place).Using exponential smoothing with α = 0.30 and a September forecast of 18.00, the forecast for the next period (Jan) = [ ] sales (round your response to two decimal places).Using a method of trend projection, the forecast for the next month (Jan) = [ ] sales (round your response to two decimal places).c) The method that can be used for making a forecast for the month of March is [ ].(Note: The exercise contains placeholders for calculated responses that students need to fill in based on provided methods and formulas.)

Answered: b) The forecast for the next month…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Please do not give solution in image format thanku
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