Question: Data collected on 5 -month demand for meat at some Butcher market are as follows from (month 1 to month 5 ): 3,4,5,4, and 6

Data collected on 5 -month demand for meat at some Butcher market are as follows from (month 1 to month 5 ): 3,4,5,4, and 6 ( in tons) . a) Develop a 2-month moving average to forecast the demand (2 pts). b) Estimate demand again with a weighted moving average in which demand in the most recent month is given a weight of 3 and demand in the other month is given a weight of 2. (2 pts) c) Which method do you think is best ( a or b) ? why ? (2 pts)
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