Question: 1) (7 points) Predict demand in month 11 by comparing the four forecasting methods (Naive, MA(2), ES and LR)). Fill in the forecasts and MADs

1) (7 points) Predict demand in month 11 by comparing the four forecasting methods (Naive, MA(2), ES and LR)). Fill in the forecasts and MADs in the table below. Round answers to the nearest integer. Method FC MAD Naive MA(2) Month Dem 1 260 2 350 3 300 4 280 5 300 6 310 7 340 8 380 9 430 10 400 11 ES LR I What is the best forecast according to MAD? Calculate the slope of the LR line and interpret it. Calculate the coefficient of correlation r of the LR line and interpret it

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