Question: Problem No. 1 For the following 12 periods: a) Using a moving average of 5 periods, forecast the 13th period for this varying, but constant

Problem No. 1 For the following 12 periods: a)

Problem No. 1 For the following 12 periods: a) Using a moving average of 5 periods, forecast the 13th period for this varying, but constant average demand (to nearest integer). b) Determine the average (nearest 10th) and standard deviation (nearest hundredth) of the errors c) What is the probability of the error exceeding 9 (nearest percent)? Errors are assumed to distributed normally d) Determine the MAD to the nearest tenth. Period Demand 1 2 3 4 5 6 7 8 9 10 11 11 12 225 236 245 219 205 212 228 213 226 206 232 218

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