Question: please show work BUS ADM 370 - Introduction to suppy Cat WANAYEMUCUE Homework 1 (50 points) For all the problems, to receive full scores, you

please show work please show work BUS ADM 370 - Introduction to

BUS ADM 370 - Introduction to suppy Cat WANAYEMUCUE Homework 1 (50 points) For all the problems, to receive full scores, you have to show your complete and accurate work, i.e show how you calculated the numbers you use. If you only provide the final answers without computations, you will not receive a full score (and will miss the opportunity of partial credits). Note that the points from the bonus question will count towards your Homework 1 score. Problem 1. (10 points) A manager has been recording the number of gallons of ice cream sold for the past six periods. He asked you to choose a forecasting model to predict the demand for gallons of ice cream in Period 7. You are considering to apply a two period moving average and a two period weighted moving average with weights of 0.6 and 0.4. Which model is better for this data set (hint; show all your work and calculations using measures of forecast accuracy). What is the forecast of demand for period 7? Period Demand 80 UwN

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