Question: MGMT 3370 - Section 22 Homework #1 (30 pts) Your manager is trying to determine what forecasting method to use. Based on the following historical

MGMT 3370 - Section 22 Homework #1 (30 pts) Your manager is trying to determine what forecasting method to use. Based on the following historical data, calculate the following forecast, and specify what procedure you would use. Month Actual Demand 1 62 2 65 3 67 4 68 5 71 6 73 7 76 8 78 9 78 10 80 11 84 12 85 1) Calculate the simple three-month moving average forecast for periods 4-12. Place answers in the table. (Round all calculations to 3 decimal places) (3 pts)

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