Question: The table below displays demand for a particular product for the months of June, July, and August. Alongside this time series are two forecasts. The

The table below displays demand for a particular

The table below displays demand for a particular product for the months of June, July, and August. Alongside this time series are two forecasts. The bottom row of the table displays the averages of the figures in the respective columns. Month Demand Forecast 1 Forecast 2 June 30 32 35 July I 40 38 35 August 35 37 33 Average 35 35.67 34.33 6. (10 pts.) Management has noted that, on average, forecast 1 is 0.67 units above average demand and forecast 2 is 0.67 units below average demand so both forecasts perform comparably and it doesn't matter which method is used going forward. Is management's assessment correct? Why or why not? If no, then provide a more accurate evaluation of the forecasting methods. 7. (10 pts.) In an effort to keep workers busy, management has arranged their operations so each worker is highly utilized. What is the effect of this? Is the company ultimately gaining from "getting its money's worth by managing its operations so employees work near their maximum rate? Support your answer using course concepts

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