Question: Question 2 a) Define what is a Simple Moving Average (5marks) b) Compute a three-period moving average forecast given demand for shopping carts for the

Question 2 a) Define what is a Simple Moving Average (5marks) b) Compute a three-period moving average forecast given demand for shopping carts for the last five periods. Period Demand 40 the 3 most recent demands (10marks c) What are the main advantages that quantitative techniques for forecasting have over qualitative techniques? What limitations do quantitative techniques have

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