$1$ What is the difference between qualitative forecasting techniques and quantitativeforecasting techniques?$10$ Points$2$ When is it more appropriate to use a qualitative forecast? $10$ Points$3$ When is it more appropriate to use a quantitative forecast? $10$ Points$4$Monthly sales for the RUOK Companyfor the last $6$ months are as follows:Compute the sales forecast for July usingthe following approaches:Month UnitsJanuary $18,000$February $22,000$March $16,000$April $18,000$May $20,000$June $24,000$a$)4$ month simple moving averageb$)4$ month weighted moving averageusing $0\mathrm{.}4$ for the previous month, $0\mathrm{.}3$for $2$ months prior, $0\mathrm{.}2$ for $3$ monthsprior and $0\mathrm{.}1$ for $4$ months prior$\mathrm{.}10$ Points$10$ Points$5$The forecasts generated by $2$ forecasting methods and actual sales are as follows:Month Actual Forecast $1$ Forecast $21269275=6268=12289266=23287=23294290=4292=24278284=6298=205268270=2274=66269268=1270=17260261=1259=18275271=4275=0$Calculate the Mean Absolute Deviation$($MAD$)$ for each forecast. Forecast $1$ Forecast $210$ Points$10$ Points$6$What number shouldbe placed in the spotpresently filled with theX?Finished Product A $1234$Gross Requirements $($i$.$e$.$ demand$)20205030$Schedule Receipts $25$Planned Delivery XProjected on Hand Inventory $3010154010$Planned Order Releases XQuantity $=25$; Lead Time $=2$; Safety Stock $=10$