Question: Hello, may you please answer the question and I will rate a thumbs? Question 1 (25 points) The manager of XYZ Company is interested in

Hello, may you please answer the question and I will rate a thumbs?

Question 1 (25 points) The manager of XYZ Company is interested in making the arrangements for next year's production of item IR-324, because the year is almost over, and many employees' contracts will end very soon. This estimation is needed to plan production for next year. The historical data for the last 8 years is the following. Answer in the boxes and show your process. Table 1: Historical demand for Item IR-324 Year Demand 2021 ? 2020 5300 2019 2018 5100 4950 5350 2017 2016 5005 2015 5235 2014 5683 2013 5846 He is not sure if he should use Moving Average 5, Moving Average 2 to forecast the demand for next year. a) Which method would you recommend from those 2? (20 points) b) Why? (Justify your answer in your own words) (5 points)

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