The Agri-Food Company has been in business for five years. Brian, the firm's owner, wants to develop a forecast of olive oil sales for the coming year (i.e., 2025) based on the following historical data: Year 2020 2021 2022 2023 2024 Sales 10 20 40 55 75 1. Forecast sales for 2025 using the 3-year moving average method. 2. Forecast sales for 2025 using the simple exponential smoothing method with a smoothing constant of a=0.6. 3. Forecast sales for 2025 using the simple linear trend method.

MATLAB: An Introduction with Applications
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The Agri-Food Company has been in business for five years. Brian, the firm's owner,
wants to develop a forecast of olive oil sales for the coming year (i.e., 2025) based on the
following historical data:
Year
2020
2021
2022
2023
2024
Sales
10
20
40
55
75
1. Forecast sales for 2025 using the 3-year moving average method.
2. Forecast sales for 2025 using the simple exponential smoothing method
with a smoothing constant of a=0.6.
3. Forecast sales for 2025 using the simple linear trend method.
Transcribed Image Text:The Agri-Food Company has been in business for five years. Brian, the firm's owner, wants to develop a forecast of olive oil sales for the coming year (i.e., 2025) based on the following historical data: Year 2020 2021 2022 2023 2024 Sales 10 20 40 55 75 1. Forecast sales for 2025 using the 3-year moving average method. 2. Forecast sales for 2025 using the simple exponential smoothing method with a smoothing constant of a=0.6. 3. Forecast sales for 2025 using the simple linear trend method.
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