Based on the Information Shown Below, Develop Forecasts for June $\alpha$

question 3

Essay

Based on the information shown below, develop forecasts for June using both a 2-period moving average model and an exponential smoothing model with $\alpha$ = 0.10. For the exponential smoothing model, assume the forecast for February was 800.

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Definitions:

Subscription

An agreement to purchase a product or service on a recurring basis or to receive regular deliveries or access to content.

Adjusting Entries

Journal entries made in accounting to update the records for expenses and revenues that have accrued but are not yet recorded.

Daily Wages

The amount of money that a worker earns for one day of labor.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the consumption of the asset.