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QUESTION 7 MiCon (Pty) Ltd is into office stationery business. From historical data of stationery demand, going back the past 10 months, the following table has been drawn up : Month Jan. Feb Mar. . May Jun Jul Aug. Sep Oct. Orders 120 90 100 75 110 50 75 130 110 90 Calculate the demand forecast for April through July using a 3-month weighted moving average. (You are given weights of 0.5, 0.33, and 0.17, respectively with higher weights impacting more recent months) April IN A. 96.8 B. 85.8 May C. 74.1 June D. 100.1 July QUESTION 8 14 points Using a six-year moving average for the data given in the table below, calculate & match the Absolute Forecasting Error to the year. Please select the nearest answer to the correct from the options provided using arrows in the pull-down menu on the left below: Number of Automobiles 116 Absolute Error Year 1990 Forecast 1991 105 1992 29 1993 59 1994 108 1995 94 27 1996 1997 119 34 1998 1999 34 2000 48 2001 53 Save All Answers Click Save and Submit to save and submit. Click Save All Answers to save all answers