1.Develop a two-period weighted moving average forecast for March 2016 through January 2017. Use weights of 0.60.6 and 0.40.4, with the most recent observation weighted higher. Calculate the MFE, MAD, and MAPE values for March through December. Develop a two-period weighted moving average and fill-in the table below (enter your responses rounded to one decimal place). Month Demand January 2016 119 February 72 March 113 April 82 May 82 June 131 July 111 August 116 September 89 October 95 November 88 December 90 ? Forecast ? ? ? ? ? ? ? ? ? ? ? The forecast for January 2017 is ?_. (Enter your response rounded to one decimal place.) The MFE is ? . (Enter your response rounded to one decimal place and include a minus sign if necessary.) The MAD is ? . (Enter your response rounded to one decimal place.) The MAPE is ? %. (Enter your response rounded to one decimal place.) 2. Which of these can NOT be the first value for a tracking signal? A.10. B.1. C.1. D.0. 3.Your manager has come to you with the following data, showing actual demand for five periods and forecast results for two different models. Calculate the MFE, MAD, and MAPE for these models. Actual Period Forecast Model 1 Forecast Model 2 Demand 8 9 10 248248 357357 423423 364364 280280 349349 486486 341341 295295 11 12 286286 444444 416416 354354 364364 380380 The MFE value for the forecast Model 1 is nothing . (Enter your response rounded to one decimal place and include a minus sign if necessary.) The MAD value for the forecast Model 1 is nothing . (Enter your response rounded to one decimal place.) The MAPE value for the forecast Model 1 is nothing %. (Enter your response rounded to one decimal place.) The MFE value for the forecast Model 2 is nothing . (Enter your response rounded to one decimal place and include a minus sign if necessary.) The MAD value for the forecast Model 2 is nothing . (Enter your response rounded to one decimal place.) The MAPE value for the forecast Model 2 is nothing %. (Enter your response rounded to one decimal place.) 4.Consider the following forecast results. Calculate MFE, MAD, and MAPE, using the data for the months January through June. Does the forecast model under- or overforecast? Month Actual Demand January 1,040 February 990 March 980 April 1,060 May 1,080 June 1,000 Forecast 1,055 1,052 900 1,025 1,100 1,050 The MFE is _ (Enter your response rounded to one decimal place and include a minus sign if necessary.) The MAD is __ (Enter your response rounded to one decimal place.) The MAPE is _ (Enter your response rounded to one decimal place.) The forecast model ________