1. What is the term for forecasts used for making day-to-day decisions about meeting demand? 2. What category of forecasting techniques uses managerial judgment in lieu of numerical data? 3. Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note that the 1st quarter is Jan, Feb, and Mar; 2nd quarter Apr, May, Jun; 3rd quarter Jul, Aug, Sep, and 4th quarter Oct, Nov, Dec. JAN Pen MAR AR JUN JUL SEP OCT Nov Last year This year 100 125 125 135 135 135 175 190 MAY 185 200 140 DEC 250 150 130 200 190 200 225 4. Here are the data for the past 21 months for actual sales of a particular product: LAST YEAR The Year 275 375 350 425 January February March April May Juno July August September October November December 300 400 425 450 400 400 400 300 375 500 550 500 400 350 350 275 350 Develop a forecast for the fourth quarter using a three-quarter, weighted moving average. Weight the most recent quarter.5, the second most recent .25, and the third .25. Solve the problem using quarters, as opposed to forecasting separate months. 5. The following table contains the number of complaints received in a department store for the first 6 months of operation: MONTK COMPLAINTS MONTH COMPLAINTS January February March 36 45 81 April May Juno 90 108 144 If a three month