Chu Clocks has the following demand history for the past six months:
A) Using a 3-month moving average, find the July forecast.
B) Using a weighted moving average with weights of 0.7, 0.2, and 0.1, find the July forecast.
C) Using exponential smoothing with α = 0.25 and a June forecast of 56, find the July forecast.
Correct Answer:
Verified
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