Question: Develop forecasts for periods 6 through 10 for the demand data in the below table, using a) a three period moving average (MA). b) a

Develop forecasts for periods 6 through 10 for

Develop forecasts for periods 6 through 10 for the demand data in the below table, using a) a three period moving average (MA). b) a weighted moving average (WMA) using 0.5 for the most recent data, 0.3 for the period prior to the most recent data and 0.2 for the oldest data. c) exponential smoothing with alpha=0.4. Use a 5th period forecast of 105 as the starting point for the exponential smoothing technique. MA WMA Exp. Smoothing Period 1 2 3 4 5 Actual 64 84 91 97 105 135 147 144 153 171 6 7 8 9 10 Using the data and your forecast in problem 1, calculate MAD for the 3 forecasting approaches and indicate which one of these three forecasting approaches is better for this data. Provide comments regarding your

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