Exercise One: Given the date below for Fiterman Electronics, and assuming a projected average demand of 310 units for the third year, (a) find the average demand over the first two years, (b) find the ratio of monthly demand to average demand, (c) compute the Seasonal Indices, (d) forecast the Seasonalized Monthly Demand for the months of January, February March April, and May, (e) as shown in class, state whether your forecast represents below or above average demand. (Please notice that the table may extend into the next page) Fiterman Electronics Year Month Demand 1 January 281 February 276 March 281 April 291 May 316 June 311 July 301 August 291 September 286 October 276 November 276 December 281 2 January 301 February 286 March April May June July August September October November December 291 311 332 321 311 311 296 286 286 281 Exercise One: Given the date below for Fiterman Electronics, and assuming a projected average demand of 310 units for the third year, (a) find the average demand over the first two years, (b) find the ratio of monthly demand to average demand, (c) compute the Seasonal Indices, (d) forecast the Seasonalized Monthly Demand for the months of January, February March April, and May, (e) as shown in class, state whether your forecast represents below or above average demand. (Please notice that the table may extend into the next page) Fiterman Electronics Year Month Demand 1 January 281 February 276 March 281 April 291 May 316 June 311 July 301 August 291 September 286 October 276 November 276 December 281 2 January 301 February 286 March April May June July August September October November December 291 311 332 321 311 311 296 286 286 281