Solution for QID #3444: The business analyst for Ace Business Machines, Inc. wants t | StudyHelpMe

The business analyst for Ace Business Machines, Inc. wants to forecast this year's demand for manual typewriters based on the following historical data:   Time Period            Demand 5 years ago      900 4 years ago      700 3 years ago      600 2 years ago      500 Last year          300            A) What is the forecast for this year using a moving-average forecast based on the last three years? B) What is the forecast for the next period using exponential smoothing method with a alpha  factor of 0.4  a = 0.4