Question: 2. Prepare a forecast based on the following data for period 6 and period 7 using each of the following forecasting approaches: a) Two period

2. Prepare a forecast based on the following data

2. Prepare a forecast based on the following data for period 6 and period 7 using each of the following forecasting approaches: a) Two period moving average. (1.5 marks) b) Exponential Smoothing by using a smoothing constant of .05 (2.5 marks). Period 1 2 Demand 50 55 65 68 73 3 4 5

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