Question: Question 13 (15 points) Consider the following data concerning the performance of a forecasting method. 200 280 Month November December January February March Actual demand

Question 13 (15 points) Consider the following data concerning the performance of a forecasting method. 200 280 Month November December January February March Actual demand 300 270 250 310 Forecast 270 260 270 250 a. Forecast the demand for the month of April using three month moving average method. (5 points) b. Forecast the demand for the month of April using weighted moving average method. Weights for last three months (t-1, -2, and t-3) are 0.5, 0.3, and 0.2 respectively. (5 points) c. If the Actual demand for Aprilis 290, calculate the forecast errors for 3 month moving average method and weighed moving average method. (5 points) d. Which method would you choose? Explain why. [5 points - extra credit]

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