Question: statistical methods used in demand forecasting and the advantages and disadvantages of each (20points). June 8 6) Demand for the last four months was: Month

statistical methods used in demand forecasting and the advantages and disadvantages of each (20points). June 8 6) Demand for the last four months was: Month March April May Demand 8 10 B) If the naive approach had been used to predict demand for April through June, what would MAD have been for those months? (15points) 7) Professor Very Busy needs to allocate time next week to include time for office hours. He needs to forecast the number of students who will seek appointments. He has gathered the following data: Week 6 weeks ago 5 weeks ago 4 weeks ago 3 weeks ago 2 weeks ago Last week # Students 83 110 95 80 65 50 What is this week's forecast using the naive approach? (5points)

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