Question: 3. (Chapter 2) Given the following demand at the ABC Company, Period 1 2 3 4 Demand 760 870 2 3 910 860 872 5

3. (Chapter 2) Given the following demand at the

3. (Chapter 2) Given the following demand at the ABC Company, Period 1 2 3 4 Demand 760 870 2 3 910 860 872 5 5 a. Calculate the forecasts for period 4 and period 5 using a 3-period moving average and evaluate the corresponding forecast errors for period 4 and 5. b. Calculate the forecasts for periods 1-5 using simple exponential smoothing with an a=.3 and evaluate the MAD

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