Name: OM-HW ASSIGNMENT: BUSINESS FORECASTING (25 pts.) Note: You are expected to complete this HW Assignment directly through the CANVAS to get full credit. *(Q1-Q5) Using the data below, give your answers for the following questions: Period Demand (5000) 2015 2016 2017 2018 2019 50 40 45 35 40 _01. What is the final forecasting demand for the year in 2020 using the Naive Approach (2 pts.) a. 30 b. 40 C.35 d.50 e. None of the above _02. Forecast demand for the year in 2020 using a 3-years simple moving average. (2 pts.) a. 45 5.35 c. 40 d. 30 e. None of the above __03. Following trend linear equation is used to predict monthly demand: Yt = 30 + 10 t. What is the forecast for the year in 2020 ift = 0 in the year 2016? (3 pts.) _04. Forecast demand for the year in 2020 using a 3-months weighted moving average with weights of 1, 2, and 3 where the heaviest weight for the most recent time period (choose the nearest value). (3 pts.) a. 36.7 b. 43.3 C.39.17 d. 68.33 e. None of the above _05. Given a forecasting value of 50 for the year in 2018 and an alpha of 0.5, what would the forecast for the next time period (.e., Year in 2020) be using exponential smoothing? (5 pts.) a. 45 b. 36.25 d. 41.25 e. None of the above 6.43.3 _Q6. Suppose that the last four months of sales were 8, 10, 15, and 9 units, respectively. Suppose further that the last four forecasts were 5, 6, 11, and 12 units, respectively What is the Mean Absolute Deviation (MAD)? (5 pts.) _Q7. If alpha (a) is 0.2 and the current demand is 200, the forecast for the current period was 175 and for the last period was 150; what is the forecast for the next period? (5 pts.) a. 160 b. 180 c. 190 d. 195 e. None of the above