The Toro Cutlery Company has collected monthly sales information below:
MONTH SALES MONTH SALES MONTH SALES
January 16,000 May 84,000 September 35,000
February 21,000 June 33,000 October 91,000
March 40,000 July 76,000 November 73,000
April 120,000 August 52,000 December 82,000
The company is examining two forecasting methods, moving average and exponential smoothing for forecasting sales.
What will the forecast be for January the following year using a three-, four-, and five-month moving averages? Do not round intermediate calculations. Round your answers to the nearest whole number.
Forecast (January, 3-month MA):
Forecast (January, 4-month MA):
Forecast (January, 5-month MA):