To have a stable forecasting tool when using the simple moving average method, what value of N (the number of periods) should a firm choose among the following choices? 3 6 2 8 Which of the following accounts for the relative magnitude of underlying demand in the forecast error calculation? MAPE MFE MAD MSE Using simple exponential smoothing method, if we want forecasts to be very responsive to recent demand, the value of should be: Small Moderate The value of does not matter. Large Toyota Motors introduced a hybrid car Hybrid G in the U.S. market in 2014. In the first three years, the sales of the Hybrid G were strong, but the sales figures started to decline in 2017 following the introduction of a new hybrid model by Honda. Toyota is in critical need of a better forecasting method. They need your help to evaluate alternative forecasting methods and provide suggestions. The following table contains the past 6 months of sales data. Using a 2-month simple moving average method to forecast sales, what's the forecasted sales for month 6 ? 1305.7 1230 1252.7 1287.5 1216.8 The following table contains an automobile firm's sales data from month 1 to month 6 . Using a 2-month weighted moving average method to forecast sales (W1=0.3,W2=0.7), what's the mean absolute deviation (MAD) of the forecasts for month 3 to 6 ? 14311 11.25 100.8 1.55 92