1. The historical demand for the Panasonic Model 205 Pencil Sharpener in units is: January, 65; February, 70; March, 80; April, 85; and May, 92, June 84. Using a three-month moving average, what is the forecast for July? If July experienced a demand of 96, what is the forecast for August?2. In problem 1, suppose that the forecast for January was 75. Using single exponential smoothing with à = 0.2, compute the exponential smoothing forecast for February through June. What is the Forecast demand for June?a. 73.00 to 74.00b. 75.00 to 76.00c. 77.00 to 78.00d. 79.00 to 80.00
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