1. Explain in detail the differences between qualitative and quantitative forecasts. Include at least two examples of when each would be utilized.
2. Reflect upon the exercise you completed for the Moving Average Forecast and the key points that you have learned. Compare and contrast to determine if you feel a weighted Moving Average or an Exponential forecast would be more appropriate/precise in the Boone Factory scenario. Explain your selection.

Period	Month	Demand	Forecast
1	Jan	100
2	Feb	200
3	March	130
4	April	250	143
5	May	200	193
6	June	150	193
7	July	160	200
8	August	190	170
9	September	110	167
10	October	180	153
11	November	250	160
12	December	250	180
	January		227

1. Explain what the benefits and drawbacks are of forecasting.Also describe when a mixture of forecasting models be appropriate.