Question: Question 1(60 Points): The following data set is given. 3 6 7 Year 1 2 Demand 270 300 4 315 310 294 275 285 286

Question 1(60 Points): The following data set is

Question 1(60 Points): The following data set is given. 3 6 7 Year 1 2 Demand 270 300 4 315 310 294 275 285 286 Use a 4 period moving average to find the following. Fs = Fo= F7= Fs= Question 2 (40 Points): Why do we do forecasting? Provide 4 reasons. 1 1. 2. 3. 4

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