6 pts Question 26 We use data from the past to determine the best forecasting method for the future. What is one of the uses of this data from the past when dealing with selecting the best forecasting method? To determine the best value for alpha used in the forecasting method Exponential Smoothing All the other answers are correct To determine the best value for c, the capacity of a water slide To determine the best weights for olympic lifting Question 27 6 pts In a newsvendor setting, the optimal order turned out to be 15 thousand. The demand is uniformly distributed between 10 and 20 thousand. Finally, we know that the cost of overstocking is $50. What was the cost of understocking in this problem? $50 $100 $200 $150 Question 28 6 pts If we have determined that the critical ratio in a Newsvendor problem is 80%, and we set the order quantity accordingly, then what is the service level? 50% (as in, half the customers can purchase our product) Approximately 4 customers can purchase our product 20% (as in, 20% of the customers can purchase our product) O 80% las in. 80% of the customers can purchase our product)