Consider the usage of item #14-46-506: 4 ft. Supersaver fluorescent lamps in Sterling Pulp Chemicals (now part of ERCO Worldwide) in the first 10 months of 2018.
Month 2008 Jan 10 Feb 10 Mar 66 Apr 32 May 34 June 18 July 24 Aug 9 Sep 14 Oct 48
For the data above, calculate the following: a) Three-month moving average. b) Five-month moving average. c) Exponential smoothing with smoothing constant = 0.1. (d) Exponential smoothing with smoothing constant =
0.3. (f) Which of the above techniques would you use to forecast the usage of fluorescent lamps and why? (Hint: The overall closest to actual demand will be most accurate).
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