1. What is the forecast for May based on a weighted-moving average applied to the following past demand data and using the weights 3, 2, and 1 (smallest weight is for most recent data)?

Nov     Dec     Jan    Feb    Mar    Apr

38       35       42     42     43     45

2. While conducting an end-of-year finished goods inventory at his fumiture store, Bob was able to construct the following data on of his nonseasonal fumiture items.

- Use trend projection to estimate the relationship between time and sales (state the equation).

- Calculate forecasts for the remilnir.-nonths of theiair

Jan    Feb   Mar   Apr    May    Jun    Jul

53     57    55     59     64      71      55