Question: Table 1 provides data on the daily inventory maintained by a computer store. Use a SMA(2) and an EWMA( = 0.8) model to derive

Table 1 provides data on the daily inventory maintained by a computer

Table 1 provides data on the daily inventory maintained by a computer store. Use a SMA(2) and an EWMA( = 0.8) model to derive a (one-step-ahead) forecast for the total number of items stored on Tuesday 14/06/2022. State whether models underestimate or overestimate the actual inventory level on this day and provide intuition for this result. Table 1 Date Inventory level 10/06/2022 214 11/06/2022 198 12/06/2022 142 13/06/2022 202 14/06/2022 215 15/06/2022 218

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