QUESTION 3 (25) 3. Exponential Smoothing Calculation (20) The forecasting information for Siyafunda Trading is provided

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QUESTION 3 (25)
3. Exponential Smoothing Calculation (20)
The forecasting information for Siyafunda Trading is provided in
the table below:
Month Actual Sales Units – Year 2020
January 5025
February 6550
March 7860
April 9655
May 3452
June 7890
July 8665
August 12775
September 10980
October 15760
November 9730
December 4950
3.1 Calculate the 2021 forecast for Siyafunda Trading using the
exponential smoothing forecasting technique with a smoothing
constant of 0.2 and forecast for January 2021 sales of 7025 units.
(20)
3.2 Explain the requirements one would use to effectively manage
its inventory (5)