Question: Question 2 (demand forecasting) The following table shows the number of sales for a firm during the last 10 months. (3pt) a) Draw a scatter

Question 2 (demand forecasting) The following

Question 2 (demand forecasting) The following table shows the number of sales for a firm during the last 10 months. (3pt) a) Draw a scatter plot of the data. b) Develop the forecast for the next month, using the 3-month moving averages model. c) Develop the forecast for the next month, using the 4-month moving averages model. d) Calculate the error measures of MAD, MSE and MAPE, and decide which of the above two models is a better fit for the data

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