Question: 6. For the data given for a Coffee wholesaler in the Coffee sheet a in the Inventory Data file, forecast the demand (D), for the

6. For the data given for a Coffee wholesaler in the "Coffee" sheet a in the "Inventory Data" file, forecast the demand (D), for the year 2018. Choose the forecasting technique with parameters that you think is best for this data. If the ordering cost is $500, and the holding cost is $10 per bag, then a) what is EOQ for this product? b) what is Total Inventory Cost? B 1 Year Coded Year Sales (thousands 60 kg bag 2 2004 1 10,194 3 2005 2 10,871 4 2006 3 10,945 5 2007 4 11,300 6 2008 5 11,085 7 2009 6 7,894 8 2010 7 7,822 9 2011 8 7,734 10 2012 9 7,170 11 2013 10 9,670 12 2014 11 10,954 13 2015 12 12,716 14 2016 13 12,831 15 2017 14 12,985 16 2018 15

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