Question: hello can you please help me solve the following question for operations management: The following table shows the actual demand observed over the last 11

hello can you please help me solve the following question for operations management:

The following table shows the actual demand observed over the last 11 years:

Year

1

2

3

4

5

6

7

8

9

10

11

Demand

7

9

4

7

11

8

11

14

8

9

7

This exercise contains only parts b, c, and d.

b) Using the 3-year moving average, provide the forecast from periods 4 through 12 (round your responses to one decimal place).

Year

4

5

6

7

8

9

10

11

12

Forecast

nothing

nothing

nothing

nothing

nothing

nothing

nothing

nothing

nothing

c) Using the 3-year weighted moving average with weights 0.20, 0.35, and 0.45, using 0.45 for the most recent period, provide the forecast from periods 4 through 12 (round your responses to two decimal places).

Year

4

5

6

7

8

9

10

11

12

Forecast

nothing

nothing

nothing

nothing

nothing

nothing

nothing

nothing

nothing

d) Mean absolute deviation for the forecast developed using the 3-year moving average is 2.49 and for the 3-year weighted moving average is 2.48.

Based on this information, the better forecast is achieved using the weighted moving average approach.

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