Question: show answer with work Problem 1. (10 points) A manager recorded the number of gallons of ice cream sold for the past six periods. He

show answer with work
show answer with work Problem 1. (10 points) A
Problem 1. (10 points) A manager recorded the number of gallons of ice cream sold for the past six periods. He asked you to choose a forecasting model to predict the demand for gallons of ice cream in Period 7. You consider applying a two-period moving average model and a two-period weighted moving average model with weights of 0.55 and 0.45. a) Which model is better for this data set (hint: show all your work and calculations using measures of forecast accuracy)? (9 points) b) What is the forecast of demand for period 7 considering the best model? ( 1 point)

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