Question a. Sales of the Flying Flintmobile has been increasing over the past five years. The operations manager has estimated sales in 2017 to be 410 Flying Flintmobiles. Using exponential smoothing...

Question

a. Sales of the Flying Flintmobile has been increasing over the past five years. The operations manager has estimated sales in 2017 to be 410 Flying Flintmobiles. Using exponential smoothing with a weight of α = 0.30, develop forecasts for 2017 through 2022.

(i) Advise Flying Flintmobile of the benefits associated with this method of forecasting.

(ii) Caution the manager on the limitations associated with your forecast.