Question 5: Weighted Moving Average vs. Simple Moving Average 4 points The weighted moving average forecasting model uses a weighting scheme to modify the effects of individual data points. This is its major advantage over the simple moving average model. Please answer 'True' or 'False'. Locally stored answer: Question 6: Weights for Weighted Moving Average 4 points Experience and trial and error are the simplest ways to choose weights for the weighted moving average forecasting model. Please answer 'True' or 'False'. Locally stored answer: Question 7: Weighted Moving Average 4 points In the weighted moving average forecasting model the weights must add up to one times the number of data points. Please answer 'True' or 'False'. Locally stored answer: Question 8: Weighted Moving Average Calculation 1 5 points A company wants to forecast demand using the weighted moving average. If the company uses two prior yearly sales values (i.e., year 2019 = 141 and year 2020 = 172), and we want to weight year 2019 at 11 percent and year 2020 at the remaining percentage, what is the weighted moving average forecast for year 2021? Please keep two decimals. Locally stored