Question: 2. Chapter 4 - Forecasting timeframes, and Forecasting techniques - 10 Marks Nov. Dec. Jan. Feb. Mar. April 32 36 40 42 46 48 See

2. Chapter 4 - Forecasting timeframes, and Forecasting techniques - 10 Marks Nov. Dec. Jan. Feb. Mar. April 32 36 40 42 46 48 See Table above. a) What is the forecast for May using the naive approach? 2 Mark b) What is the approximate forecast for May using a four-month moving average? 4 Marks c) What is the approximate forecast for May using a weighted moving average with a weight of 4 for April, 3 for March, 2 for February, and 1 for January? 4 Marks Answer: a) 1 Mark b) 2 Marks c) 2 Marks Write formulas and show steps in calculations below (mandatory): 5 Marks

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