In this individual project, you will develop various production plans for the year $2025$ using the historical demand data in Table $1$ and year $2025$ production requirements in Table $2.$ You will select the best production plan and justify why it is the best plan. You are required to turn in a project report $($Word document or PDF$)$ upon completion. The report must include an executive summary and detailed analyses and a comparison of various production plans. To develop production plans, you must include the following:

Forecasting: analyze historical data using Moving Averages, Exponential Smoothing, Holt's method for trends, and Winters's method for seasonality, and compare forecasts using the mean squared error $($MSE$).$

Capacity planning: use the output of forecasting and production requirements to create production plans based on the level, chase, and mixed strategy.

Inventory control: use the output of forecasting and production requirements to create a production plan based on the $(Q,R)$ model.

Table $1$: Historical Demand Data $($pounds$)$ in the Past Five Years.

$\backslash$table$[[$Month$,2020,2021,2022,2023,2024$