Consider the following data for three forecasting methods used by a company for the same SKU. If the company uses focus-forecasting strategy, what is the forecast for period 7? (write the result in the space provided below) Method 1 Method 2 Method 3 Period Actual Forecast Forecast Forecast Demand (Units) (Units) (Units) (Units) 31 33 38 40 6 7 42 45 46 Consider the following data concerning the performance of three forecasting methods for the same SKU. which forecasting method would you select if you are interested in reducing large errors? And Why? (write the result in the space provided below) Method 1 Method 2 Method 3 Period Forecast error Forecast error Forecast error (Units) (Units) (Units) 1 +3 +3 +2 2 -4 -2 -1 3 -2 +3 -2 4 +4 +6 +9 A- B I Method chosen Why