Question: 2. (18 pts.) For the data given below, use the first five periods of data with (a) a three-period moving average, and (b) basic (single)

2. (18 pts.) For the data given below, use the first five periods of data with (a) a three-period moving average, and (b) basic (single) exponential smoothing with alpha=0.2, and first forecast assumed to be 100, to forecast demand for period 6. (C) Comment on the errors made with each of the two models (d) What is the forecast for period 10 with each method? 1 YEAR DEMAND 107 2 93 3 106 98 5 100 6 96 3. (8 pls) Suppose that we have made large forecast errors Give two possible reasons for the existence of these large errors

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