Question: Problem 1 (10 Marks) - FORECASTING Kaia wants to forecast weekly sales at Fush. Historical data (in dollars) for 15 weeks are shown in the

Problem 1 (10 Marks) - FORECASTING Kaia wants to

Problem 1 (10 Marks) - FORECASTING Kaia wants to forecast weekly sales at Fush. Historical data (in dollars) for 15 weeks are shown in the table below. a. Calculate the forecast for Week 16 , using - a 2-period moving average (Marks: 2) - a 3-period moving average (Marks: 2) b. Compute MSE for the two models and compare the result. (Marks: 4) c. Based on MSE, which model provides the best forecast, and why? (Marks: 2)

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